Malatya Haber FSA loan program transfers farmland to the next generation of farmers
Home News Livestock Crops Markets Hay, Range & Pasture Home & Family Classifieds Resources This Week's Journal
Commerical Hay Equipment For The Farm
Agro-Culture Liquid Fertilizer



Farm Survey


AgriMartin
Journal Getaways


Reader Comment:
by Eliza Winters

"I think that the new emission standards are a great move. I think that the"....Read the story...
Join other discussions.


FSA loan program transfers farmland to the next generation of farmers

Colorado

Colorado USDA Farm Service Agency Farm Loan Chief Gary Wall, reminds landowners that the Land Contract Guarantee Program is available to landowners who wish to transfer farm real estate to the next generation of farmers and ranchers.

The Land Contract Guarantee Program provides a new approach for landowners willing to sell their land to beginning or socially disadvantaged farmers or ranchers because it reduces the seller's financial risk if the buyer defaults on the contract payments. The buyer must provide a minimum down payment of five percent of the purchase price, plan to operate the farm, and demonstrate the ability to make the land contract payments.

The national program offers two options, one that guarantees up to three annual installment payments on the contract and one that guarantees 90 percent of the unpaid principal of the contract. Guarantees can be used for financing the purchase of a farm with a purchase price up to $500,000 on a new land contract.

"Landowners can use any escrow agent that meets the program qualifications to service the land contract," said Chief Wall. "Landowners interested in the Land Contract Guarantee Program can contact their local farm loan office to obtain a list of available nationwide escrow agents that can be used with this program," he said.

FSA credit programs are designed to provide credit to eligible producers when conventional or commercial credit is not available or does not meet their credit needs.

"FSA programs create opportunities for farmers and ranchers--the backbone of our rural economy," said Chief Wall.

For more information about the Land Contract Guarantee Program contact Gary Wall at 720-544-2892 or your local Farm Service Agency.

Date: 1/28/2013



Google
 
Web hpj.com

Copyright 1995-2014.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at
High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com

 

Archives Search


Advertisement
NCBA Convention

United Sorghum Checkoff Program

Inside Futures

Editorial Archives

Browse Archives