Posted by Bkpigs on October 01, 2009 at 18:23:52 from (75.132.238.145):
This is a long topic but I will try to keep it short.
I am wanting to start a "hobby" farm. Well, hopefully it will grow into more than that. The banks have gone from "find a place under $240K and you got it; to "you make too much for this program, not enough for this loan" and so on.
The FSA office has been no help for me, I need atleast 3 years of schedule "F" (which I don't have because I have worked for my FIL, Dad, and others my whole life) to apply for any of their programs.
So my main question to you is, should I start buying equipment now and miss out on being able to deduct off of my taxes or should I just hord my money until I find another farm (missed out on several already) and scramble around to get my equipment in line? Or do you guys know of any programs or loans that would fit my situation?
Thanks for all of your advice, I know there is a lot of experience on this website and that is why I am coming to yous.
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