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Tillable rolls out first online program for financing farmland rentals
Special to Wisconsin State Farmer
Tillable has launched a new digital platform to simplify and streamline financing farmland rentals. The online tool, Tillable Finance, is the first fully online application for agricultural financing.
It is now available in parts of Minnesota, Wisconsin and Illinois, with plans for future Midwest expansion by fall of 2021.
Tillable is an online marketplace for farm landowners and growers to rent and manage farmland.
Currently, about 80% of U.S. farmers rent their land, but the financing process remains paper-based and slow. Traditionally, growers physically meet with a banker to take out an operating loan, usually with a complex application requiring documentation and often considerable collateral.