FSA/ASCS has never loaned money for auction purchases. Lots of red tape when fooling with them. Will also likey make you obtain letters of credit denial from one or more private lenders before they even discuss a loan with you. They also like to meddle in your business once they loan you money. For instance, they will LOAN you more money to make barn/outbuildig repair, Fence repair and construction regardless of your need or ability to pay back. I would strongly recommend going back to your Bank, or maybe Farm Credit Association. I have enough people in my business as it is.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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