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FSA Beginning Farmer Loans
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Indianajones
Posted 9/30/2014 21:07 (#4101959 - in reply to #4101257)
Subject: RE: FSA Beginning Farmer Loans



There are a couple options on loans they have. One used to be 10% down, 30% from FSA and the balance from a convention lender. I think the max on that was 300k and all it was is a guarantee to the bank to help get you financed.
They had another 50/50 loan that required no down payment and could go out a long time on repayment. They may have other options since I did it and there is a finite amount of money each year to be loaned. If they run out, have to wait until the next year.

They do work really hard to get people financed, it is their job. There are a lot of hoops ,annual meetings and financials to go through but it is worth the time .
Can you buy a million dollars worth of land at record land prices and plummeting crop prices and make it flow??? Is it wise to do so???
I am old enough to remember the '80s and it sounds so familiar.
INDY
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