Posted by gitrib on February 28, 2009 at 06:52:43 from (12.175.230.36):
In Reply to: Re: Farm loans posted by NcNE on February 27, 2009 at 19:22:30:
FSA is good but never get a Bank loan gaurenteed by FSA. I have seen what some banks will do, One farm next to me has had four owners in 20 yrs. It was not the farmer fault. The bank was all smiley and happy until they decided to close down. Then they really make the money. On those gaurenteed loan then government covers 90 percent/ Everytime this farm was sold out it was sold at sheriff sale and the bank enged up buying it.and then turned around and set up another unlucky farmer. The bank alway ended up making a big bunch of money. Remember, What the farm brought at the sherriff sale determines the lose the bank suffers. It was a real racket It is terrible to watch them just rape a farm buy selling equipment off of it before they sell the land. gitrib
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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