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The differences between agricultural loan officers and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an agricultural loan officer and a closer. Additionally, an agricultural loan officer has an average salary of $43,755, which is higher than the $29,291 average annual salary of a closer.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a closer are customer service, cleanliness, and punctuality.
| Agricultural Loan Officer | Closer | |
| Yearly salary | $43,755 | $29,291 |
| Hourly rate | $21.04 | $14.08 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 7,560 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 35% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
An agricultural loan officer provides loan assistance to people in the agricultural sector. Farmers, fishers, and livestock owners all need steady funds for their operations, and the variable nature of the agricultural sector may threaten to end their businesses. An agricultural loan officer assesses potential recipients, determines their needs, and determines the total cost required to continue their businesses' operations. This position requires good communication skills, high organization, and strong background knowledge of social work.
The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions. A closer must also monitor the regular payments of clients to ensure their compliance with the agreement, answer any inquiries, perform follow-up calls, and address any issues or concerns, resolving them promptly and efficiently.
Agricultural loan officers and closers have different pay scales, as shown below.
| Agricultural Loan Officer | Closer | |
| Average salary | $43,755 | $29,291 |
| Salary range | Between $29,000 And $65,000 | Between $20,000 And $40,000 |
| Highest paying City | San Bernardino, CA | Greece, NY |
| Highest paying state | New York | Hawaii |
| Best paying company | GPAC | GPAC |
| Best paying industry | - | - |
There are a few differences between an agricultural loan officer and a closer in terms of educational background:
| Agricultural Loan Officer | Closer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 35% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and closers' demographics:
| Agricultural Loan Officer | Closer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 45.0% Female, 55.0% |
| Race ratio | Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 12.3% Asian, 7.0% White, 65.1% American Indian and Alaska Native, 0.5% | Black or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |