Financing a Farm - How We Bought 70 Acres In The Blue Ridge Mountains

Financing a Farm - How We Bought 70 Acres In The Blue Ridge Mountains

Today we are going to talk about how we financed a 70 acre farm in the foothills of the Blue Ridge Mountains.

There are a number of creative financing options that will help you make your farm possible, this is just one of those options.

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[brianblackburn]

Thank you so much for talking about the financial side of farming. From my experience, most of the time people posting YouTube videos about farming don’t get into the financials and typically only talk about how to breed/raise/process animals. I have a little under three years before I can retire from the military and permaculture farming is what I plan on doing for my second career. Financing my future farm is something that I think about regularly.

[hillsidefarm]

Congratulations, So nice to watch a channel that is still about farming and showing your operation. I got so many ideas watching yalls channel. So many of the other channels have gotten away from there farming and are just trying to make a living on Your Tube, all they are interested in is selling merchandise like t-shirts and hats and what ever else they are promoting at the time. So keep up the good work I really enjoy your videos. Farm is looking great !

[debireed]

Wow, what a wife. She works side by side and step by step as hard as you. Hope you really appreciate Sondra🚜🐓🐝🥾👩🏼‍🌾

[evergreenorganics]

My wife and I are starting an organic farm and a YouTube channel. Your channel offers really incredible content for beginning farmers, thank you for doing what you do. This content is invaluable.

[bpxdurangoinc]

Congratulations! We are under contract for a 20 acre spread. Our main issue is water, water water.

[silver-enkl]

Congratulations on your beautiful farm. As a fellow farmer I must warn everyone, not just farmers but all land and property owners as well that are carrying a sizeable debt….be very careful, when you see most people borrowing money and getting into huge debt, it’s an indication that this economy is not sustainable and our economy along with a weakening USA fiat dollar are about to get flushed down the drain. Pay down your debt, pay off your credit cards, your mortgage, buy gold and silver, and prepare for the economic horrors that have already started. If you borrow against your land, it’s like betting at the horse races and the bank will eventually beat u and take it all. Our old farm house is a work in progress, but we only spend when we have the cash and we don’t owe a dime to a mortgage or a loan. If our tractor needs repair, or we need to finish a barn or whatever, it can wait until we are financially able to afford and pay today. Just my two cents worth. If you’re killing it and borrowing money against your farm and it’s working for you, I’m happy for u, but my advice is to still pay off your mortgage as quick as possible and have peace of mind.

[tomaswilson]

On the topic of boar taint, for public sale I totally agree.

To add to that though, processed an Intact boar myself on farm for our consumption just a couple weeks ago and had zero taint (he was a year old chasing girls at the time of dispatch).

Totally agree on the castration, wife actually made a table with a safety cone in it for castrating that makes it a one person operation and MUCH easier.

[thistledrawfarm]

Boar taint is real for sure. We castrated a pig and only found one testicle. When we ate him I learned 2 things: 1 - There was a second testicle inside of him, 2 - I can taste the taint. It's horrible! You're doing the right thing!

[ronaldclemons]

Thank you guys for sharing. Farming is not easy. Many people have bought farms, and got in way over their heads in debt, and not being able to the work it takes. You guys have planned well in a lot of areas, and it shows. Good luck, and I will continue to pray for you guys. Blessings🙏🏻

[fl]

May I suggest that instead of dividing by twelve, maybe (if you can swing it) divide by ten. Then if you have a bad month, especially close to October, you're not so likely to face stress. And if things go wonderful all year you can still spend the extra two months on whatever else the farm needs.

[jasonquenga]

Thanks for sharing. As others have said, there's always a focus on the animals or crops, but very little info on finances, programs, etc. We're starting a farm in the next few months and have the cash to fund it, but when it comes time to expand... I'd never turn down a 1.5% loan! Looks like I'll have to wait 3 years, but that'll fly by as I learn and grow.

[ArtisanSolutionsDPER]

Thanks for the info...may you continue to thrive in prosperity and blessings

[joshbrice]

Just wanted to say, you have been extremely helpful in my pursuit to start my own small family farm

[HansenNeverDoneFarms]

Absolutely love the property!! Good to see y'all settled and getting ready for farrowing! Breeding just started (goats) on our farm.. Congrats on the 20k+ Subs! Were plugging along over here at 2300 😁

[Mezclada]

Really appreciated your honesty about working with FSA. I come across that A TON when working with farmers and hearing about their experiences. You think that USDA would have gotten the message by now and done some work to improve their customer experience? :) Thanks for this!

[costcontrolaccounting]

If you want to do it as a sinking fund you can do so at roughly 4.85% to 5.1% currently. Might as well get a return to offset some of the costs. You should also talk to FSA and see if you can pre-pay to them directly and get an interest rate offset.

[thomasreto]

Great information. We appreciate your videos. Wishing you all the best

[johnhansen]

I would recommend to young farmers that you don’t leverage your farm beyond a normal mortgage. Normally I recommend you buy land with cash and maybe your home with a mortgage or leverage, like a normal home loan. I’m sure this project will end well, but debt is the worst enemy of a small farmer.

[CountryViewAcres]

New farm is looks nice. Can't wait to see all you achieve with it. Wish you the best.

[minnickfamilyfarm]

Congrats! And thanks for the info. We’ve been looking into this and the government is “vague” to say the least on descriptions of anything.