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Farm Bureau Bank Extends Equipment Loan Rate Rollback Promotion

February 28, 2011

On February 1, Farm Bureau Bank activated its Rate Rollback promotion for new and used equipment loans. Today, due to positive response, Farm Bureau Bank is extending this special event until further notice.

"We’re happy to extend this benefit to Farm Bureau members so they can lock in a lower rate now," said Robert Dunk, vice president of lending services. "And, aside from saving money, the lower rates also offer the necessary support needed during price volatility."

Qualified members not only benefit with better pricing, but may also take advantage of the extended 2010 Tax Act Bonus Depreciation deduction. The extended act makes 100 percent bonus depreciation available for qualified investments made after September 8, 2010 and before January 1, 2012. It also continues bonus depreciation on property placed in service after December 31, 2011 and before January 1, 2013. Learn more about depreciation and how to claim deductions.

For more information about Farm Bureau Bank equipment loans, or to apply, visit farmbureaubank.com. Once there, find out about the other fine Farm Bureau Bank products and services available to Farm Bureau members.