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Re: OT - Buying a farm
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Posted by davpal on January 17, 2007 at 21:25:33 from (216.93.97.3):
In Reply to: OT - Buying a farm posted by Dave H (MI) on January 17, 2007 at 12:52:07:
Just make sure the farm is not registered in PA-116 which in Michigan stands for Major Pain In the AZZ! You will want to find that out real quick. You cannot believe the hoops you will have to jump through with people in Lansing to do this. You have to aquire the ownership of the PA-116 agreement and then hope it runs out very fast. You can be liable for back taxes that these people have gotten for being in the program. After going through this very thing a few years ago I would never ever sign up for Michigans PA-116 program, their wetlands program, or any CRP program through the federal govenment. They are all a big ripoff and a hassle. The people before us that owned the place liked to sign up for stuff. Some of those agreements last for 10-100 years. Find out if they were in it!
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