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NE IL | My brother and i did the FSA begining farmer loan to buy our first farm. We filled out all of their paperwork, did our yearly reviews and budgets, which was much more than the other lendor required. About five years later we formed a corparation for our farm. FSA said we had to pay off our loan because we no longer farm, the corp. does. I asked them who they thought ran the corp. but they just wanted their money. Luckily the other lendor took over the loan. I am much happier this way with less paperwork to fill out every year. | |
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Buying Land - E Central IL
