How to Get Your First Farm Loan
If you are looking at your first farm loan, chances are you need some money to capitalize the start-up of a new farm business or to increase the inventory (livestock, for example) or otherwise expand
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Lending standards have gotten very strict after the fast and loose lending practices of the large banks and resulting financial meltdown.
Beginning producers will need a more significant stake (equity/capital) to get loan. One of our commercial ag lenders stated you need your age in equity. i.e. 25 year old would need a 25% down payment/equity.