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NE ND | I understand exactly how the program works, but it sounds like you don’t completely. You cannot use both of those (2.5% for 40, or 1.5% for 20) both at the same time for a maximum of 1.2 million through FSA. Your real estate limit is 600k, whether it be one program or the other, or a combination of the two.
No, I do not think it holds up land values. The people bidding up land values are not running them through the beginning farmer program at FSA. Around here the people bidding up land values are outside investors looking to diversify their portfolio. | |
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