Posted by C-man on January 02, 2008 at 19:34:08 from (208.34.15.20):
There is a farm coming up for auction in my area(35,000+ acres). It is going to be split up into different tracts of MUCH smaller sizes. I call my banker about purchasing A very small portion of it. He tells me, "Yes,we can probably loan you the money, but your best bet would be to go through the FSA offices." Brother calls the FSA office, they tell him, "We don't do any loans until a purchase agreement has been signed." Brother asks, "Can we start the paperwork ahead of time?" He was told NO!! Brother asks, "So what happens if we get some of the land and the loan gets denied?" The gov't employee had no answer. Great program isn't it??
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