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NC IA | I did the beginning farmer land loan about 2.5 years ago. Get ready to do A LOT of paperwork. Its nothing like getting a bank loan, the forms they ask for are very labor intensive. They will be putting a lien on anything and everything you own. You will need 3 years of farming experience as well. I almost gave up as I was getting frustrated with the process, they have a lot of rules. In the end I went through with it and now I am happy I have a 1.5% rate. I guess, its worth it in the end if you can go through the BS of setting it all up. | |
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