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SW Ohio | Looking for some different opinions on my situation. I'm 31, started from nothing and going into 4th year farming. I have a full line of row crop and hay equipment that is paid for, all ground is rented,house is rented. This year i farmed 70 acres of my own, 40 acres custom planting, 150 acres custom harvest, made 25 acres of hay, and have a couple cows with my grandparents. For 2026 I have the opportunity to rent 100-150 acres, add another 150 acres of custom planting, and hope to grow the cattle side. Looking ahead i'll need a good increase in credit. Last spring i did get a small LOC from Farm Credit, otherwise i've been paying my own way. My goal down the road is to buy my grandparents farm. They are in their early 90's and starting to have some health issues, but like most of these situations nobody in the family is willing to have the discussion to actually plan ahead, so who knows how that will out turn out.
So, are there any programs out there that i should be taking advantage of? The local bank i've dealt with doesn't do specific ag lending, so if i were to go with a local bank i would be starting as a new customer. I've seen that Farm Credit offers a young farmer program, but it wasn't anything that was discussed when i got my LOC last year. Friend of mine used FSA to buy his grandparents farm a few years ago and i know they offer a "cheap" interest rate for farm purchases and operating loans, but he said it was a lot of hoops to jump through.
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LOC/Operating Loan options for Beginning Farmer
