I've read you cannot use usda loans for commercial land but i'm not sure where to look when pursuing commercial farming property. by wes.huely720011563 from Gulfport, Mississippi. Feb 6th 2014
USDA is intended for owner occupied properties that reside in the defined USDA area.. for commercial farming properties, then that's a whole different thing.. If your a "Beginning Farmer", then the Center for Rural Affairs has a program that will allow you to purchase a small farm with 10% down, but your limited to $250K purchase price.. here's the link.. http://www.cfra.org/resources/Publications/Beg_Farmer_loan_programs.htmIf you have owned a farm before, then this program would not work for you.. you would have to apply with a local lender who offers financing on farm land. Its unlikely there would be any purchasing assistance for the accusation of farm land, but there are certainly subsidies for farmers once you get going.. by contacting someone local, they would have access to the latest programs if any, that might help you get your farm. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Contact the local USDA county or State office (US department of agriculture, rural development administration)
I would contact USDA directly http://www.rurdev.usda.gov/Home.html give them the parameters and they can help you.
Same advice as posted prior
Ask our community a question.