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Buying Land - E Central IL
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Farm4
Posted 8/25/2011 19:38 (#1930222)
Subject: Buying Land - E Central IL


My Question is how would someone qualify for low interest government loans to purchase land? I just graduated with a crop science degree and my brother has just started college, working for an ag business degree. I have been told that if we file a schedule F on our taxes for two years, we would qualify for a low interest government loan for young farmers. My next question is what all needs to be done to file a schedule F? Do we have to be actively crop sharing? Or could we buy five feeder calves and show expenses and income? Any help would be appreciated.
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