Input Finance

LEARN MORE ABOUT CFA

CFA is a financial service cooperative with more than 140 local and regional cooperative members utilizing the Input Finance Program (IFP). IFP originated in 1988 and is strongly supported by our membership. The program is administered through a joint effort between MKC and CFA. Program details include the following:

Loan Purposes
  • Full crop production loans (Input Advantage Loan)
    • Deadline to apply for a wheat loan is March 1. Deadline to apply for a row crop loan is April 30.
  • Grain inventory loans (Input Advantage Loan)
  • Specific product promotion loans (Express Credit Loan)

Loan Types
  • Secured or unsecured loans (depending on loan size and credit quality)

Application Process
  • Simple application process
    • Credit application
    • Collateral worksheet

Interest Rate
  • Variable rate (contact us for interest rate quote)

Collateral Requirements
  • Lien position, assignment of insurance, buyer’s notification and collateral requirements are based on loan size and credit quality

Repayment Terms
  • Maturity date:
    • Input Advantage Loan – on or before February 15
    • Express Credit Loan – on or before December 15
  • No pre-payment penalty

Loan Fees
  • $125 per year for crop production loans
  • One loan covers all crops

Approval Time
  • Typically, a credit decision is communicated to MKC within 24 hours of receiving a completed application

COMPLETE THE INPUT FINANCE PROGRAM LOAN PROCESS

The documentation required to complete the Input Finance loan application process is based on the amount of loan. Documentation should be sent to the attention of the Credit Manager at MKC, P.O. Box D, Moundridge, KS 67107. You may also fax your information to the attention of the Credit Manager at 620-345-6330.

For loan requests less than $350,000:
For loan requests $350,000 to $500,000:
For loan requests greater than $500,000:

FAQS REGARDING MKC'S INPUT FINANCE PROGRAM

Why does MKC offer CFA to their customers?
MKC has chosen CFA as a finance partner because of their thorough understanding of farm and ranch operations, and the financing requirements necessary for MKC customers. MKC and CFA understand the input dollar needs and cash flows that go into making your operation successful and profitable. With more than 10 years of experience with this program, we are confident it offers ease of doing business and a solid financing option for our customers.

Are the interest rates variable? 
Yes. The interest rates are variable and can change during the life of the loan.

Do I have to deliver and sell my grain to MKC or purchase my crop insurance through Team Marketing Alliance?
No. While MKC and TMA specialists are always available to meet your needs, you do not have to deliver your grain to MKC or purchase crop insurance through TMA.

Do I have to re-apply each crop year?
Yes. This is a non-revolving financing agreement approved for a specific crop year.

If approved for a loan, where can the loan be used?
The loan must be used for services provided by MKC including fertilizer, seed, crop protection products, application, lime, grid sampling, fuel and crop insurance.