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Non-Cattle Specific Topics
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FSA Loan Program Tips?
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<blockquote data-quote="heath" data-source="post: 874339" data-attributes="member: 16676"><p>I have an FSA operating loan and land loan. I qualified for the loan in august of last year and the operating loan was funded in feb. but the land loan wasnt funded till july, almost a full year to wait. If the real estate market wasnt so weak here there would have been no way the seller would have waited. </p><p> I qualified as a beginner farmer and with no money down, it was the only way i could do it and still have money left in the bank for a cushion. With what hay prices did this year i wouldnt have been able to buy what i needed for cows that havent produced a calf crop for me.</p><p> My fsa office is helpful, but it is the govt and there is no secret that all things govt take longer.</p></blockquote><p></p>
[QUOTE="heath, post: 874339, member: 16676"] I have an FSA operating loan and land loan. I qualified for the loan in august of last year and the operating loan was funded in feb. but the land loan wasnt funded till july, almost a full year to wait. If the real estate market wasnt so weak here there would have been no way the seller would have waited. I qualified as a beginner farmer and with no money down, it was the only way i could do it and still have money left in the bank for a cushion. With what hay prices did this year i wouldnt have been able to buy what i needed for cows that havent produced a calf crop for me. My fsa office is helpful, but it is the govt and there is no secret that all things govt take longer. [/QUOTE]
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