Skip to content

Local Agriculture Loan Survey

The University of New Mexico Bureau of Business and Economic Research (BBER) has been commissioned to analyze the market for local agriculture loans in New Mexico.  This study is grounded in the philosophy that all New Mexico residents should have access to robust food and agriculture systems that are locally embedded, offer healthy and affordable food, and grow a resilient and diverse local farm and ranch economy.  To this end, we are gathering information about your business' financing needs, availability of financing, and other related information.

Importantly, No identifying information will be recorded and your response de-identified, therefore your participation is anonymous.
Your participation is an important part of this study.  Do you have 10 minutes to participate in the survey?

If you have any questions regarding the survey, please contact Julian Baca at 505-277-7069 (jbaca63@unm.edu) at BBER.
1.Would you like to complete the survey in English, Spanish, or another language?
2.If a language other than English, would you please provide a telephone number to reach you at for a call back?
3.In what type of agricultural production are you engaged? (Check all that apply)
4.Where is your farm/ranch located?
5.Is your farm or ranch family owned/operated?
6.What is the legal structure of your farm/business?
7.How many acres do you have in production (either ranching or farming)?
8.What were your 2017 revenues?
9.Is your farm/business woman, minority, or veteran owned?
10.What is the ethnicity of the farm/business owner?
11.Farming experience and age of farm.
12.I have sources of income other than farming. (check all that apply)
13.Hours spent farming/ranching per week during the growing season.
14.Affordability and accessibility of credit.
Strongly agree
Agree
Neutral/Undecided
Disagree
Strongly  Disagree
Don't know
I think there is abundant availability of credit to me as an agricultural producer.
I am able to quickly access credit when I need it.
I am able to access all the credit that I need.
I am able to access credit at competitive interest rates.
I am able to access credit on favorable loan terms.
I typically have to wait too long for credit decisions.
In my experience the loan application process is too complicated.
15.How familiar are you with the following lenders?
Very Familiar
Familiar
Somewhat Familiar
Unfamiliar
Never heard of them
NM Farm Credit
Agrow Credit Corporation
Farm Credit Services
First American Bank
James Polk Stone Community Bank
Joe Stubblefield & Associates
Tri-State Livestock Credit Corp
USDA Farm Services Agency
Nusenda Credit Union
American Farm Bureau Federation
The Bank of Clovis
Pioneer Bank
PenFed Credit Union
Western Heritage Bank
Accion
First American Bank
First New Mexico Bank
AgriBank
AgriFirst
American Ag Credit
16.How likely are you to apply for a loan with the following lenders?
Very Likely
Likely
Neutral/Undecided
Not Likely
Never
I'm not familiar with the lender
NM Farm Credit
Agrow Credit Corporation
Farm Credit Services
First American Bank
James Polk Stone Community Bank
Joe Stubblefield & Associates
Tri-State Livestock Credit Corp
USDA Farm Services Agency
Nusenda Credit Union
American Farm Bureau Federation
The Bank of Clovis
Pioneer Bank
PenFed Credit Union
Western Heritage Bank
Accion
First New Mexico Bank
AgriBank
AgriFirst
American Ag Credit
17.I don't apply for loans because:
Strongly agree
Agree
Neutral/Undecided
Disagree
Strongly disagree
Banks are not very trustworthy
I don't like giving my personal and financial information to banks
Banks are not transparent
18.If land is owned, do you have a mortgage or is it paid-off?
19.What types of agricultural financing or grants have you applied for in the last 12-months?
20.Reasons for seeking financing? (Check all that apply)
21.Total dollar amount of loans secured in last 12-months?
22.If approved for a loan, how much did you receive as a % of the asking amount? (last 12-months)
23.Source(s) from which you received a loan and/or grant in the last 12-months? (Check all that apply)
24.If you applied for a loan in the last 12-months for which you were declined, the reason(s) given include (Check all that apply):
25.Would you accept private equity investments in your farming/ranching business (either a private investor or a private equity or venture capital fund)?
Very Likely:
Likely:
Neutral/undecided:
Unlikely:
Absolutely Not:
I am not familiar and could not say:
Private Investor (e.g. a private individual like a local lawyer or entrepreneur)
Private Equity or Venture Capital Fund
26.What is your total outstanding farm-related debt?