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East Central SD | Thanks for the post. It is easy to buy and get financing for land when you leverage "paid for" land but like you say paying for it isn't so easy. The local Farm Credit banker said almost all purchases were made with little or no down payment. I'm not sure it will be a make or break situation but will definitely be uncomfortable. If you bought one high dollar quarter it may have only taken one paid for quarter to leverage it but may take the cash rent and income from 3 quarters to pay for. | |
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More now vs. then
