Posted by Clint Youse MO on January 15, 2009 at 10:45:29 from (64.111.61.87):
In Reply to: ot: purchasing farm posted by old fashioned farmer on January 15, 2009 at 09:01:31:
Go talk to your local FSA office I have a begining farmer loan lots of paper work cashflows and balance sheets to get teh loan have to fill out balance sheet every year any good bank wants that info the loan is a 50/50 loan with another lending institution I used FCS at the time there interest was the best and locked in for the life of the loan interest and collateral are the two things that the begining farmer loan help with I had to prove through cash flows and past records of the farm I was buying that it would pay for itself of course this was a full time venture and was gonna be my only source of income I dont knwo where you are but talk to the loan officer at FSA in that area ours is actually in the next county he covers 4 or 5 counties
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