Posted by GeneMO on August 09, 2012 at 12:09:42 from (71.1.115.9):
In Reply to: start in farming posted by nick girgen on August 08, 2012 at 23:56:02:
Plan on buying the land in a year or two.
Go to the USDA and apply for a first time farm owners loan. They will loan you 100% of the money. Other places you will probably need a big down payment. I think they will also give you an operating loan to buy machinery and livestock.
Dont try to save the money. You will never get it done by trying to save it. Land has been doubling in value every 7-10 years. By the time you save some money, inflation will have eat up all your savings.
Some folks think land may be peaking. But you will never be able to save enough to buy land. It will just keep going up enough to keep you out of the market.
You buy it, let the government float your loan and then pay for it. Plus the interest and farm payments are tax deductible.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Weldin Basics, Part 3 - by Curtis von Fange. Oxy-acetylene Welding - Part One In our series on welding we have taken a brief look at AC and DC arc welding along with basic techniques and safety equipment required for safe usage. Since our premise is to cover welding types that might best be used on a farm environment we have kept our overview purposefully simple and general. The second type of welding that this observer finds quite useful in
... [Read Article]
Latest Ad:
For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
