Great info ! I’m sharing this with our son . They are closing next week with an FSA loan on 150 acres in Kansas . I’ll have him reach out to farm credit for his next purchases.
I have no experience with farming this just fell into my lap 260 acres 80 is being purchased by me and the other 180 is 75% to me 25 % to the other land owner i just need some HELP!!!!!!!!
So I plan on calling and looking into it but do you know if you can qualify for the growing forward program if the farm will be a secondary income source? Basically the plan on having an operation similar to your cousin but growing it to a full time operation.
Fsa told me I had to have 50% of the total loan value in collateral on the beginning farmer loan and then I nearly lost everything over a dead cow I don't recommend them at all
You should definitely do a part 4! I enjoyed learning about the young farmer loan being a young farmer!
Thank you for watching, it's coming!
Thank you so much man, next year will be my first year running a rented operation so thank you for the advice
Great info ! I’m sharing this with our son . They are closing next week with an FSA loan on 150 acres in Kansas . I’ll have him reach out to farm credit for his next purchases.
That's awesome to hear! Definitely tell him to check out farm Credit!
Thanks for video im wanting to start a farm myself and im right outside Jackson tn like the channel man keep it up
Thanks for this! Just starting to fill out the application. 😂
Have fun! Lol
You have to be below 35 for young farmer loan?
I have no experience with farming this just fell into my lap 260 acres 80 is being purchased by me and the other 180 is 75% to me 25 % to the other land owner i just need some HELP!!!!!!!!
Do these programs work if you have a job outside the farm ? Great content man, very helpful!
Absolutely they do. Most of the people utilizing them have jobs outside the farm I'd venture to say. Thank you for watching!
So I plan on calling and looking into it but do you know if you can qualify for the growing forward program if the farm will be a secondary income source? Basically the plan on having an operation similar to your cousin but growing it to a full time operation.
I think you will still qualify! But I can't say with 100% certainty. Give em a call at farm Credit, they'll gladly help you out!
Whats the number to contact farm credit? I google.it all kinds of different things pop up
Ty 😊
I am 63, what is available to me?
What if you just bought a farm but need money for cattle and tractor and suck equipment
That's a great question. My next video will be on exactly that!
Fsa told me I had to have 50% of the total loan value in collateral on the beginning farmer loan and then I nearly lost everything over a dead cow I don't recommend them at all
Wow! 50% of value in collateral... that is awful. It wasn't like that when I did it thankfully.