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<blockquote data-quote="TheBullLady" data-source="post: 37084" data-attributes="member: 173"><p>Being a Realtor specializing in ranches here in Texas, I have closed a few deals with the FSA loan program. There are good things, ie: interest rate can't be beat primarily, but there are also a few things that are not so good. </p><p></p><p>It's a lot of paperwork to do.. 42 page form here. The FSA is VERY involved with your ranching program from the onset.. you have to have a complete 5 - 10 year plan, which they have to approve, and they will check occassionally to make sure you are sticking to your plan. Once you've set up the plan, it's not flexible, so if you originally plan to get bred cows, and the next year pairs or heifers are a better option, you can't vary from the plan. The other "downside" at least here, is that it may take months to get your deal closed, depending on if there is money available for the program at the time you apply.</p><p></p><p>It's complicated, but if someone has any specific questions, I'd be glad to answer them if I can.</p></blockquote><p></p>
[QUOTE="TheBullLady, post: 37084, member: 173"] Being a Realtor specializing in ranches here in Texas, I have closed a few deals with the FSA loan program. There are good things, ie: interest rate can't be beat primarily, but there are also a few things that are not so good. It's a lot of paperwork to do.. 42 page form here. The FSA is VERY involved with your ranching program from the onset.. you have to have a complete 5 - 10 year plan, which they have to approve, and they will check occassionally to make sure you are sticking to your plan. Once you've set up the plan, it's not flexible, so if you originally plan to get bred cows, and the next year pairs or heifers are a better option, you can't vary from the plan. The other "downside" at least here, is that it may take months to get your deal closed, depending on if there is money available for the program at the time you apply. It's complicated, but if someone has any specific questions, I'd be glad to answer them if I can. [/QUOTE]
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