Farmers suffering from severe weather in eastern Kansas are getting a reprieve, if their lender is Frontier Farm Credit, based in Manhattan.
The company's Frontier Flexible Solution gives producers repayment relief needed due to weather-related crop failures, allowing current customers to pay interest only and defer their principal payment until the end of the loan.
"Frontier Flexible Solution is one of the tools our loan officers have available to address our customers' current financial situation," says Jeff VanHorn, Senior Vice President-Business Development. "We have the ability to customize options for producers depending upon each unique situation."
The program is available to customers with mortgage loans and commercial term loans, and farmers may participate by contacting a loan officer before the next scheduled payment.