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NE KS | They can get it done in 30 days, but you need to be on top of your stuff. You need to talk to a Bank first and see if they'd loan you the money anyways. There's no point in putting 10% down on auction day and risking losing it. It is likely they will tell you, you don't have enough equity. This doesn't mean they won't loan you the money, but it will be their justification for the FSA beginning farmer loan.
You also need to visit the USDA loan folk and get the stack of papers they are going to make you fill out. If you are sure you're going this route start filling them out. It takes alot of time if you don't have everything squared up to begin with. You need production history, expenses for the last 3 yrs, a cash flow, production plan, etc.... The more time you spend working on this before the auction, the faster you can get a loan approved before your 30 days are up.
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young farmer buying ground.
