Re: Ideas on purchasing a farm

Posted by Ovil Winburn on December 11, 2003 at 12:46:13 from (64.12.96.236):

In Reply to: Ideas on purchasing a farm posted by JohnDeereBMan on December 09, 2003 at 21:12:01:

I don't want to pour cold water on your aspirations but you have a sttep hill to climb. Paying off a loan needed to purchase a farm at the present going rate in most places by producing agricultural products on the land is not feasable. USDA (web site) has loans for people like you but they do have limits and lots of qualifications. Sounds like you may be trying to help your family avoid some of the high capital gains taxes and so on, if so you may be able to arrive at some sort of lease purchase on part of your family farm. Check with a cpa. Move to Mexico, land is a little cheaper.

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