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Farming Grants...... #7194954
02/24/21 08:41 PM
02/24/21 08:41 PM
Joined: Oct 2008
Posts: 487
Northeast Ohio
zook Offline OP
trapper
zook  Offline OP
trapper

Joined: Oct 2008
Posts: 487
Northeast Ohio
Is there such a grant or program for say "first time farmers". I read stuff online but is it legit or all BS


Can't kill em sittin at home.
Re: Farming Grants...... [Re: zook] #7194958
02/24/21 08:51 PM
02/24/21 08:51 PM
Joined: Feb 2009
Posts: 3,897
minnesota
M
mnsota Offline
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mnsota  Offline
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M

Joined: Feb 2009
Posts: 3,897
minnesota
Depends on your color.

Re: Farming Grants...... [Re: zook] #7194960
02/24/21 08:52 PM
02/24/21 08:52 PM
Joined: Feb 2017
Posts: 345
MISSOURI,Laclede Co
F
farmnhunt Offline
trapper
farmnhunt  Offline
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Joined: Feb 2017
Posts: 345
MISSOURI,Laclede Co
I worked for USDA for 35 years, There is cost share to do conservation or efficiency improvements. The are incentives for similar items. There are first time farmer loans. I never saw grants to help someone get a farm. If you have a specific question I'll try to answer. What are you wanting?

Re: Farming Grants...... [Re: farmnhunt] #7194971
02/24/21 09:02 PM
02/24/21 09:02 PM
Joined: Oct 2008
Posts: 487
Northeast Ohio
zook Offline OP
trapper
zook  Offline OP
trapper

Joined: Oct 2008
Posts: 487
Northeast Ohio
Originally Posted by farmnhunt
I worked for USDA for 35 years, There is cost share to do conservation or efficiency improvements. The are incentives for similar items. There are first time farmer loans. I never saw grants to help someone get a farm. If you have a specific question I'll try to answer. What are you wanting?


I guess my question would be like you stated "first time farmer loans". Is there a lower % down with these kind of loans. With the prices of land unless it has a residence farm credit requires 35% down last I checked and if it does have a residence i'm not sure how anyone has the money to put down even at 20%.

Looking at a farm i've been hunting for several years. The gentleman is going to sell it this spring. It's been unoccupied for at least 5 years (as long as i've been hunting it. There is an old house that's rough to say the least and a 2 car block garage. No barn, no farm equipment i could purchase. Its 85 acres. I'm not sure i could do it and have money to fix up the house. I'm sure it wont pass inspection so there's that. I've talked to him about a land contract with a full payment after 10 years to get the place in shape and build some equity but hes not real sold on that. I'm just trying to see what help i can get as far as loan wise or any kind of credits. Not looking for a handout i just dont think its possible looking at it black and white.


Can't kill em sittin at home.
Re: Farming Grants...... [Re: zook] #7195010
02/24/21 09:33 PM
02/24/21 09:33 PM
Joined: Oct 2008
Posts: 487
Northeast Ohio
zook Offline OP
trapper
zook  Offline OP
trapper

Joined: Oct 2008
Posts: 487
Northeast Ohio


Can't kill em sittin at home.
Re: Farming Grants...... [Re: zook] #7195017
02/24/21 09:36 PM
02/24/21 09:36 PM
Joined: Dec 2011
Posts: 28
Ohio
D
Dans Offline
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Dans  Offline
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D

Joined: Dec 2011
Posts: 28
Ohio

Re: Farming Grants...... [Re: zook] #7195022
02/24/21 09:40 PM
02/24/21 09:40 PM
Joined: Oct 2020
Posts: 1,099
KY
I
ILcooner Offline
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ILcooner  Offline
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Joined: Oct 2020
Posts: 1,099
KY
I would pay cash for it or pass. A loan or contract could be a nightmare

Re: Farming Grants...... [Re: zook] #7195025
02/24/21 09:43 PM
02/24/21 09:43 PM
Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
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bblwi Offline
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bblwi  Offline
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Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
Yes contact your local FSA office as to eligibility and types of loans, grants etc. They are always looking for new start ups and do work with lower equity candidates. I helped dozens of young farmers get established over time. There is a lot of paper work and things do go slow many times. Make sure you know how to develop a workable but accurate business plan. Local extension agents are good sources of assistance as in some cases ag lenders. The FSA loan officers are a big help too. Typically their initial loans etc. are for production assets and property. Stand alone land loans are not typically granted to new and upstart applicants. In many cases they offer what are called guaranteed loans which the monies actually come through the private sector lenders and the FSA guarantees the loan for the bank. This is good as it requires less government monies and the applicant forms a relationship with a private lender right away.

Bryce

Re: Farming Grants...... [Re: bblwi] #7195031
02/24/21 09:47 PM
02/24/21 09:47 PM
Joined: Dec 2011
Posts: 28
Ohio
D
Dans Offline
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Dans  Offline
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D

Joined: Dec 2011
Posts: 28
Ohio
Land Contract Guarantees
FSA provides financial guarantees for land sale
contracts to a beginning farmer. The seller may request
either of the following:
• Prompt Payment Guarantee: A guarantee up to
the amount of three amortized annual installments
plus the cost of any related real estate taxes and
insurance.
• Standard Guarantee: Aguarantee of 90 percent of
the outstanding principal balance under the land
contract.

Re: Farming Grants...... [Re: zook] #7195046
02/24/21 09:59 PM
02/24/21 09:59 PM
Joined: Sep 2013
Posts: 4,822
Nevada
N
nvwrangler Offline
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nvwrangler  Offline
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Joined: Sep 2013
Posts: 4,822
Nevada
Following closely

Any minimum size limits? Types of farm ?

Re: Farming Grants...... [Re: zook] #7195055
02/24/21 10:11 PM
02/24/21 10:11 PM
Joined: Feb 2020
Posts: 8,866
Indiana
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Providence Farm Offline
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Providence Farm  Offline
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Joined: Feb 2020
Posts: 8,866
Indiana
Farm credit quotes me 30% down and acted like they could go down to twenty if I brought in some documents to back up what I told them during my pre approval process. They also didn't seem to put much stock in the two old houses on the land I was looking at. They were mostly concerned that the land appraised the loan amount requested. But the deal went south before I got to go much further.

Re: Farming Grants...... [Re: zook] #7195090
02/24/21 10:43 PM
02/24/21 10:43 PM
Joined: Feb 2017
Posts: 345
MISSOURI,Laclede Co
F
farmnhunt Offline
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farmnhunt  Offline
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Joined: Feb 2017
Posts: 345
MISSOURI,Laclede Co
Contact your local FSA office go to https://www.fsa.usda.gov/ they have an office locator on the site

Re: Farming Grants...... [Re: ILcooner] #7195099
02/24/21 10:50 PM
02/24/21 10:50 PM
Joined: Jan 2007
Posts: 2,663
S.E. Ohio
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M.Magis Offline
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M.Magis  Offline
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Posts: 2,663
S.E. Ohio
Originally Posted by ILcooner
I would pay cash for it or pass. A loan or contract could be a nightmare

99% of property purchases are done with loans.

Re: Farming Grants...... [Re: M.Magis] #7195136
02/24/21 11:41 PM
02/24/21 11:41 PM
Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
B
bblwi Offline
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bblwi  Offline
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Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
FSA works mostly with beginning farmers and they loan to many different types of operations. Here around me that was mostly dairy, smaller cash crop and some mink ranches. Many I worked with that received FSA loans were denied credit from other commercial lenders and that is why they utilized the FSA. Many were like 5-10% equity, so risks were higher for sure. Especially when working with younger farmers with less background and or experience.

Bryce

Re: Farming Grants...... [Re: zook] #7195159
02/24/21 11:56 PM
02/24/21 11:56 PM
Joined: May 2013
Posts: 61
ND
K
Kyle Krebs Offline
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Kyle Krebs  Offline
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Joined: May 2013
Posts: 61
ND
They have all kinds of beginning farm loans but alot of people don't qualify. And rules change a bit every year. Also they don't always have money. The first land I bought was a beginner farm loans but it needed a bank to take a percentage of it. Only needed 5 percent down and to be honest if it wasn't for there program I would never been able to buy it, but they didn't have funding for over a year after I bought the hand so bank held note till they had money. Most fsa loans a large percentage of income has to come from agriculture, and once your on your feet they graduate you out to a normal bank so don't let cheap interest fool you because its not for life of loan unless you are a very poor operater. Also you better like paper work and paperwork and be able to prove yields and weaning wieghts on cattle. If it doesn't cash flow without outside income you won't get nothing!

Re: Farming Grants...... [Re: zook] #7195186
02/25/21 12:31 AM
02/25/21 12:31 AM
Joined: Jun 2013
Posts: 95
Florida
B
bjansma Offline
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bjansma  Offline
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Joined: Jun 2013
Posts: 95
Florida
I doubt a highly leveraged farm comes anywhere close to being able to afford its own payments.


Bob Jansma
Re: Farming Grants...... [Re: zook] #7195239
02/25/21 03:39 AM
02/25/21 03:39 AM
Joined: May 2009
Posts: 15,540
Champaign County, Ohio.
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KeithC Offline
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KeithC  Offline
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Joined: May 2009
Posts: 15,540
Champaign County, Ohio.
You can get research grants from the Federal government, through some universities, that can be pretty substantial. I think you would have to be enrolled with the university to get one though. If you come up with an idea, that has potential for increasing yields, or a new crop, you can get a tremendous amount of funding. Even some bizarre ideas get lots of funding.

I sell to a lot of universities and have helped with a lot of thesis projects. Some have very large budgets. Ohio State University spent around $5400.00 on materials and had a student, but mostly her husband spend a few weeks here working on a loft in one of my barns in exchange for fertile pigeon eggs for a pollution study.

The University of Utah paid me a few thousand a year, for 3 years, on a pigeon louse study. They needed 40 white, 40 black and 40 blue bar homing pigeons at a time.

The University of Louisiana bought 36 ringneck doves from me. They fed them an extremely high fat diet for a few months. They did biopsies on their livers and then offered to send them back to me.

Bowling Green for many years bought every homing pigeon I had to sell, over 10 years old and many down to 8 years old for an age and cognition test.

USDA/APHIS bought 120 "naive" homing pigeons for a bird avoidance, aircraft studay.

A professor at the University of Kentucky bought a lot of fantails from me for a color genetics project. He gave me two, excellent, very detailed books he wrote on color genetics in poultry.

Wilmington College is going to rent white, New Zealand Doe rabbits for an ovulation study next week.

The most interesting federally funded project I worked on was Anne Hamilton's "the event of a thread". I trained 60 homing pigeons to fly over a sheet curtain in a large section of one of my barns. Then shipped them to New York where they flew over a 80 foot high, silk curtain, into a loft suspended over 100 feet in the air, when a bell was wrung. I sent 42 pigeons to the art exhibit and got all back, but one that disappeared. Over 168,000 people went through the exhibit, which was in the enormous Park Armory, right on Central Park in New York. They had an immense budget, courtesy of Uncle Sam.

https://www.armoryonpark.org/programs_events/detail/ann_hamilton

Keith

Re: Farming Grants...... [Re: zook] #7195251
02/25/21 06:19 AM
02/25/21 06:19 AM
Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
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Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
My advice is don't go into business with the Feds--especially when they are offering assistance.

Re: Farming Grants...... [Re: zook] #7195437
02/25/21 10:48 AM
02/25/21 10:48 AM
Joined: Dec 2006
Posts: 2,134
So. IL
pintail_drake04 Offline
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Joined: Dec 2006
Posts: 2,134
So. IL
I looked into it, not much there. And the farm loans that are available, most don't qualify for. When I was looking, Farm Bureau quoted me 30% down for my farm ground alone, but wouldn't work with me on the ground and home I wanted to buy. I found a bank willing to work with me on both for 25% down total. It pays to shop around with a lot of banks, some are more willing to work with you than others. Though I bought my whole farm at one time, I separated it. I bought my house, barns, and 2 acres separate from my farm ground for tax purposes, and the adjacent farm ground for about ~20% under market. I farmed this place years ago, and bought it from the grandson of the owner who wanted nothing to do with it after his grandpa died. It helped me having a written agreement for purchase price for home and ground to take to the bank that was under appraisal. I literally was gaining equity in my home before I lived in it. In my opinion, you'd have to have a plan going into your purchase with how you will generate cash flow the first year. Because the bank is going to ask how you plan on paying for it. Is there marketable timber, do you have a day job, have any experience in actually farming or raising live stock? These are things the loan officer can and most likely will ask you about. If this farmer has let you hunt the ground for years, approach him and ask his price. You may be surprised.

Re: Farming Grants...... [Re: Blaine County] #7195475
02/25/21 11:34 AM
02/25/21 11:34 AM
Joined: Jan 2007
Posts: 2,136
B61-12 vicinity, MO
T
TreedaBlackdog Online content
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TreedaBlackdog  Online Content
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Joined: Jan 2007
Posts: 2,136
B61-12 vicinity, MO
Originally Posted by Blaine County
My advice is don't go into business with the Feds--especially when they are offering assistance.

Very few landowners I know will not take the Fed Assistance associated with usda/fsa. I am guessing you are not a landowner.

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