14 Tips for a Successful Farm Land Purchase in 2022
Nobody should purchase a farm on the spur of the moment. Purchasing farm land requires careful planning and consideration of vital details, which, if left unresolved, could directly hinder your farm’s future performance. Whatever your reasons for owning a farm, you should consider these 14 tips for a successful farm land purchase in 2022. Plan […]
Why Would A Farm Loan Application Get Denied
The vast majority of new business owners look for financial assistance to get their ventures off the ground, especially farmers. The majority of loan applications are turned down, which is a shame. In light of these figures, it is likely that many small business owners you know have had their applications rejected. Even though approving […]
How to Protect Yourself Amid Rising Interest Rates on Land Loans
2020 was a historic year as the US economy recorded low-interest rates. However, as the economy has begun getting back on its feet amid a recovery from the Covid-19 pandemic, there has been a rapid increase in interest rates. This has worried many American ranchers, farmers, and land owners as it triggers an increase in […]
Top 10 Questions Your Lenders Ask When You Apply For An Agricultural Land Loan
Whether you’re a farmer looking to expand your operation or you’re interested in starting a farm from scratch, acquiring agricultural land is a significant investment. Like any other major purchase, you’ll likely need to take out a loan to finance the purchase. When it comes to securing an agriculture land mortgage loan, there are a […]
12 Common Documents You Need to Gather to Apply for Agricultural Land Loan
We’ve seen firsthand working with farmers and ranchers that expectations for the loan application and approval procedure are low, and the process isn’t exactly favorable for speed and efficiency. We know that regular communication and simple, efficient practices are crucial to helping agriculturists focus on what is most important, their property. That’s why we’ve compiled […]
Financing Options For Farmers: How To Get A Loan For Buying Farm Equipment
Farms require large equipment to run properly and profitably, but that equipment can cost hundreds of thousands of dollars. You most likely don’t have that much cash on hand to put down. Even if you do, you will most likely require the funds for additional farm-related expenses. This is where farm equipment loans can help. […]
What is a Farm Number and Why You Should Get One?
Aside from harvesting produce and raising farm animals to make a living, another important goal is for farmers to protect their land and boost profitability—especially if the farmer is indebted and currently paying a mortgage for the said farmland. With the help of grants, loans for farmland, crop insurance, and disaster assistance, you can guarantee […]
What Are The Different Factors That Determine Farm Land Loan Interest Rates?
Getting a farm land loan is an inevitable move for start-up farmers, especially if they don’t have the finances to fund their projects. How you approach lending farms is a crucial factor as this will make or break your way back to repaying a loan. The primary concern revolving around farm land loans is interest […]
Farm Land Loan: Basic Steps of Loan Approval
Are you interested in applying for a farmland loan? Need to know what steps are involved in loan approval? Then, this guide is the right one for you. Loan approval can seem like a big issue because you think the steps are complicated, but not to worry, they aren’t. This guide will provide details on […]
What Are the Pros And Cons of Farm Land Loans by USDA
The United States Department of Agriculture (USDA) offers different types of farm land loan programs designed for beginning and old-timer farmers and ranchers. While some of these farm land loans come directly from the USDA, other loans are issued by third-party lenders with part of the loan guaranteed by the USDA. USDA also provides credit […]