Please find below details as mailed to me by STANBIC IBTC for the subject.
Following your enquiry, please find below our various agricultural loan schemes;

1.Agricultural Salary Earners Scheme

Agricultural Salary Earners Scheme provides working capital support for the small scale farming activities of salary earners. Such farming activities are persuaded alongside regular paid employment as a means of augmenting house hold income. Repayment is through monthly salary.

Features
• Beneficiaries are salary earners ( still in service )

•The project sponsored is exclusively agro-based and may include cultivation of arable crops, raising of livestock ( including poultry, fishery etc), maintenance of tree crops, plantations, agro-processing where 50% of raw material need is sourced from within the business, farm machinery acquisition and hired service

• Repayment of credit facility is from monthly salary and any other income generating activity.

Benefits

Ease the cash flow problems of workers in farming and improve their farm size.

Encourage gainful use of available land basic farming skills and time after work.

Alleviate debt service burden due to accelerated repayment from multiple sources.

Encourage prudent use of earnings to generate investment and a higher disposable income.

Who is qualified to apply?

• Employees of public and private sector establishments are qualified as Individuals/Groups.
Requirements.

• Letter of introduction / domiciliation of salary.

• Verifiable evidence of existing farm investments.

• Agricultural Insurance cover from NAIC upon approval of credit facility.

• Tenure of enterprise does not exceed 18 months.
Security.

• Letter or Undertaking from employers for domiciliation of salary account/other benefits.

• CBN Guarantee for 75% of the net amount in default.

• NAIC insurance cover for the facility.

2. The Agricultural Out Growers Scheme

The Agricultural Out Growers Scheme is a tripartite arrangement between an industrial or commercial end-user of agricultural commodity (i.e. an industrial consumer or exporter), the farmers or primary producers and the bank. It brings together the parties involved in a commodity production, processing, utilization and marketing value chain by financing the production of agricultural commodity or raw materials according to specific industrial or commercial needs.

Features

• An Industrial or commercial end guaranteed market for an Industrial or commercial end guaranteed produce •Working capital for procurement of farm inputs production and processing is provided under the scheme.

• An Memorandum of Understanding (MOU) is executed by the industrial or commercial end user, the farmers or primary producers, and the bank.

Who is qualified to apply?

• Individual farmers

• Farmer’s groups/Trade Association.

• Cooperative Societies.

Requirements

• Farm produce is a raw material/input for the industrial or commercial end-users.

• An MOU is executed by the industrial or commercial end-user, the farmers or primary producers, and the Bank •Industrial or commercial end-user has verifiable investment in the agricultural value chain.

• Farmers or primary producers are practicing farmers with verifiable farm investments Pricing •Prevailing market rate but concession may be considered case by case.

Security

• Guarantee by the industrial or commercial end-users.
• Lien on 25% deposit of the asking.
• CBN Guarantee for 75%
• NAIC insurance policy.

3. The Agricultural Produce Finance Scheme

The Agricultural Produce Finance Scheme facilitates trade in agricultural commodities by produce dealers who have adequate storage facilities to stock grains and other commodities at harvest season when prices are low. The stored commodities are either supplied to commercial or industrial end-users or released to the open market through retailers. The credit facility finances the procurement treatment and preservation, bagging, general handling and marketing of produce.

Features

• Working capital for storing and marketing of various agricultural commodities.

• Credit limit ranges from N10,000,000 to N250,000,000.

• Eligible activities include procurement, warehousing and marketing of grains, palm produce, cassava, yam flour, cocoa, cashew, coffee, cotton etc.

Requirements

Produce dealers/ merchants.

• Individual farmers

• Cooperative Societies

• Corporate bodies engaged in produce business •Loan tenure does not exceed storage period of 8 -9 months.

• A simple business plan demonstrating the viability of the proposed produce business.

• A minimum of 2 year experience in produce business, and a bank account maintained with any bank for about 3-6 months.

• Suitable storage facilities with adequate capacity for volume of produce envisaged.

• Produce to be stored is in season.

Security

• A legal mortgage on property or properties.

• A life insurance policy a promissory note or other negotiable security •Stocks and shares.

4. Agricultural Large Scale Production

Agricultural Large Scale Production is to fast track development of the agricultural sector of the Nigerian economy by providing credit facilities to commercial agricultural enterprises at a determined interest rate.

Features

• Beneficiaries will be a limited liability company with asset base of not less than N100 million.

• Have a clear business plan.

• Provide up to date record on its business operations.

• Corporate and large scale commercial farm/agro enterprises.

• Loan tenor should not exceed 5 years.

Requirements

• Limited liability companies with assets base not less than N100 million.

• Existing projects that need only working capital •A charge on land in which the borrower holds a legal interest or a right to farm, or a charge on the land including fixed assets crops or livestock.

• A charge on the moveable property of the borrower.

• A life insurance policy, a promissory note or other negotiable security •Stocks and shares.
Security

• A charge on land in which the borrower holds a legal interest or a right to farm, or a charge on the land including fixed assets, crops or livestock.

• A charge on the moveable property of the borrower.

• A life insurance policy, a promissory note or other negotiable security

• Stocks and shares.

• Any other collateral acceptable to the bank

Should you require further clarifications, kindly visit any of our branches nearest to you.

Dear Moderators Lalasticlala et al, pls move this to the front page for people to find out where they qualify and apply.
Thank you

This is where a functioning commodity exchange would have been of immense help. Farmers and end-users go to the exchange, sign the contracts, guaratees are provided by end-user to the financial institution, who then provide credit to the farmers to do their thing, with insurance companies also brought into the mix.