Posted by Tradititonal Farmer on October 31, 2007 at 21:26:07 from (71.48.150.218):
In Reply to: buying farmland.... posted by need your advice on October 31, 2007 at 19:46:32:
If its just open land you will not most likely get a loan with only 10% down.Because commidity prices are high right now farm land is also high when prices drop as they always do so will the land unless it has development potential.Many farmers went broke in the late 70's early 80's betting crop prices would never fall.They were wrong
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