Agricultural Loan Policy
This Agricultural Loan Policy addresses agricultural (AG) loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution. In general, loans provided under a financial institution’s Agricultural Lending Program are used to fund the production of crops, fruits, vegetables, and livestock, fund the development of new agricultural technologies and techniques, or to fund the purchase or refinance of capital assets such as farmland, machinery and equipment, breeder livestock, and farm real estate improvements.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Marketplace Overview – Topic 4
- Risk Management – Topic 5
- Program Administration – Topic 6
- Standards and Underwriting – Topic 7
- Collateral Valuation and Documentation – Topic 8
- Environmental Risk Policy Reference – Topic 9
- Allowance for Credit Losses – Topic 10
- Credit Risk Rating Assignment – Topic 11
- Non-Accrual and Charged-Off Loan Policy Reference – Topic 12
- Audit Policy – Topic 13
- Staff Training – Topic 14
- Retention of Documentation – Topic 15
Recent updates to this product:
03/18/24 Update
Eliminate and/or modify references to the term “Troubled Debt Restructuring” (TDR) with a “Borrower Experiencing Financial Difficulty.”
06/01/23 Update
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
This Agricultural Loan Policy (approximately 42 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Commercial Loan Policy.
Product Update Protection Plan
The Product Update Protection Plan is a great way to keep your bank policy up to date! Simply add it to your cart and purchase it for one year of free updates via email.
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