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<blockquote data-quote="ETF" data-source="post: 422102" data-attributes="member: 5944"><p>Gail said "find yourself a great Bank, and lending officer". What is everyone using for financing? Down here, I was unable to find a conventional bank that would finance more than 20 acres and they required 40% down for that. I'm going through Farm Credit. They only required 20% down :roll: but the interest rate is 8.25%. It's killing me. The only way I could buy my property was to sell my house plus invest everything I had saved from 20+ years of working. I'll make it through but cannot imagine how the younger folks could get into farming unless they inherit the land.</p></blockquote><p></p>
[QUOTE="ETF, post: 422102, member: 5944"] Gail said "find yourself a great Bank, and lending officer". What is everyone using for financing? Down here, I was unable to find a conventional bank that would finance more than 20 acres and they required 40% down for that. I'm going through Farm Credit. They only required 20% down :roll: but the interest rate is 8.25%. It's killing me. The only way I could buy my property was to sell my house plus invest everything I had saved from 20+ years of working. I'll make it through but cannot imagine how the younger folks could get into farming unless they inherit the land. [/QUOTE]
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