Farm land loans are a must for anyone looking to start a farm or looking to own or rent any farm land. Knowing what questions to ask can make the process easier and can help you get the right loan for you.
What Will the Down Payment Look Like?
According to Statista, the average farm size in 2019 was around 444 acres, an increase by 1 acre from 2018. Those numbers have continued to grow. If you are...more
Farming is an expensive undertaking with a great return on investment. Like any business, you have to understand what you are doing to make the numbers work for you. If you are about to expand your farming operation, you need to understand what to consider. Let's take a more in-depth look at what that entails.
Consider Your Neighboring Farms
In 2019, the average size of a farm was 444 acres, up about one acre...more
Farm land loans can be a great way to finance the purchase of agricultural land. According to statistics, around 25% of US farm products by value are exported each year, with one farm feeding up to 165 people yearly.
However, there are some things you need to know to make the process as smooth as possible. Here are ways of obtaining farm land loans:
1. Bank or Credit Union.
Many banks and credit unions...more
Making any large purchase is exciting and stressful, no matter what the investment is. Buying a farm is no exception. However, there are some tips you can follow to help make your farm application process go much smoother.
As with any loan, you must fill out a loan application. This is going to be similar to filling out an application for a mortgage. You will need to provide documentation and...more
According to recent reports compiled from S&P Global Market Intelligence data, banks reported nearly $180 billion on agriculture loans as of March 31. If you own a vineyard or winery, you can also benefit from agriculture loans. Here's everything you need to know about financing your vineyard.
What Financing Options Are Available to Vineyard Owners?
The fantastic news is,...more
According to statistics, there are 39 states with more than 11,000 farms. A good portion of these farms rely on farm land loans to keep running. If you're interested in taking out an agricultural or farm land loan, here's what you can expect at the closing stage.
What Happens After You Have Been Approved For a Loan?
Before getting approved for a loan, you have to submit a loan...more
Running a farm can be quite difficult on multiple levels. Farm profits usually go directly into the running of the farm, and the reality is that many farmers barely break even. With that being said, it can be difficult to deal with farm mortgage loans, which is why many farmers often find themselves wanting to refinance their farms. But refinancing must be taken seriously. The...more
Hobby farms have become a popular project for many people. A hobby farm is a smaller scale farm that consists of less than 50 acres. These types of farms are ideal for creating your own self-sufficient homestead.
While hobby farms are small, you still need funding. This is where agriculture loans come in. Land prices are increasing. According to the United States Department of Agriculture, prices...more
There are times in your life, especially if you're dealing with any kind of real estate, wherein you may need a short term loan rather than a long term loan. For many people, long term loans are preferable because they allow for more time through which you can pay off the loan. But if you don't need that amount of time, there is an additional option available for you. That would be the bridge loan, which is a type of short term loan used...more