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<blockquote data-quote="D.R. Cattle" data-source="post: 36867" data-attributes="member: 19"><p>The USDA deal offers loans for farms and operating capitol. They are hoping to boost the younger generation to farm as the average age of today's US farmer is 50's, meaning the industry will all be retired in the next decade. Regardless of the incentive, the loan like any other has to be payed back. With today's market value on real estate, it's difficult to buy land for cattle and pay yourself something at the same time. Impossible in my area as the rock bottom stuff in volume around here goes for $3000/acre. I could make it work in North FL/South GA/ South AL, but the move adds complexity to the plan. Still making it work on leased land for now.</p></blockquote><p></p>
[QUOTE="D.R. Cattle, post: 36867, member: 19"] The USDA deal offers loans for farms and operating capitol. They are hoping to boost the younger generation to farm as the average age of today's US farmer is 50's, meaning the industry will all be retired in the next decade. Regardless of the incentive, the loan like any other has to be payed back. With today's market value on real estate, it's difficult to buy land for cattle and pay yourself something at the same time. Impossible in my area as the rock bottom stuff in volume around here goes for $3000/acre. I could make it work in North FL/South GA/ South AL, but the move adds complexity to the plan. Still making it work on leased land for now. [/QUOTE]
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