I show some of the processes of taking out a farm loan through the Farm Service Agency. Subscribe to How Farms Work ► bit.ly/XYVvDd Facebook ► on. YpS8oH How Farms Work Store ► www.HowFarmsWor...
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@PietschFarms8 жыл бұрын
This video is good for younger people, (like me) to show what's involved. I've personally had experience already, because I bought my truck. It's good experience to have on something that isn't very expensive, just to know what you're getting into. I hate the interest rates on loans, but it's how banks make their money! Thanks for sharing!
@jbmbanter8 жыл бұрын
Thanks so much Ryan for allowing us to see so much of the internal workings of your farming budget. I learned a lot watching your interaction with the agent and look forward to hearing how the payments whether in total or yearly go.
@jessestuehrenberg53018 жыл бұрын
as a farmer and taxpayer I would like it to be known that you don't "choose" to borrow from the USDA. other than a grain bin loan, you almost always have to be first denied from a commercial bank.
@tw-20craig658 жыл бұрын
I start out 18 years ago farming if it was not for FSA I would have not made it..thanks for all there hard work
@smileyclownyloks99496 жыл бұрын
TW-20 Craig can I have a loan for farming if I dont have the money
@JimsEquipmentShed8 жыл бұрын
A friend of mine used to say; "Use your credit while you can, your cash will always be green". I like the idea of the payments as a time/ safety buffer. We bought an excavator at 0.0% interest, and my wife wanted to pay the final year off with money from savings. I explained to her that losing that buffer would not be a beneficial step to take, if we ended up with some kind of emergency that actually required that money.
@sashcraft516 жыл бұрын
You took some of the questions in the loan process with FSA and showed it. Good to see it in action. Liked how your guy knew stuff about you. The decision process in why you purchased the equipment was nice to know.
@stanhensley30828 жыл бұрын
Getting a loan is easy.Paying it back is the hard part. Best of luck.Your a good farmer you will be fine.
@doubleastocktrading7 жыл бұрын
All I could think at the beginning of the video was "are you ordering a loan at mcdonalds?"
@azersamaali20164 жыл бұрын
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@kevinwillis91268 жыл бұрын
nice helpful guy.. some can be a right arrogant so and so....
@bradsteigerwalt67188 жыл бұрын
A small loan of one million dollars!
@waterskiingfool2 жыл бұрын
Good video for young people to learn how a loan process works
@canvids18 жыл бұрын
It is never easy being a farmer but you have to love what you do.
@yongfarmer8928 жыл бұрын
Thanks for reminding me why I work with a local bank. Lot simpler with less paper work. I've also told that FsA and farm credit like to put a lean on everything.
@austincampbell72438 жыл бұрын
It's tough. I'm ready to be done with FSA.
@sartainja8 жыл бұрын
They will put a lean on your first born.
@farmerboywc93928 жыл бұрын
why not invest in a semi and grain trailer or a straight truck. My reasoning for that is you can haul farther and faster.
@arjanwilbie25118 жыл бұрын
a semi needs fuel, maintenance items and a driver. for a truck to make money is to keep it rolling, as letting it sit around knackers oil seals and tyres deteriorate anyway by uv light. does the diesel bug is a big thing in the usa? we got algae growth at fuel pumps clogging up the filters till it drips out the nozzle. also know about the EU rules on diesels to compare it too, if you have a older truck, you are banned from city centres and a euro 5 model at age of 3 years get restrictions on emissions even with ad blue. a ship can run on crude oil in the port of Rotterdam but a truck needs a clean emission euro 6 class. a truck often runs 18 to 20 hours a day with two drivers in allowed driving time, 24 hours max as 10 driving hours is maximum and a work day cannot exceed 12 hours. so i am thinking in the heavy cost of fuel, drivers, tax on tax to use the roads and a 3 year life span of the truck to get in to emission zones and ridiculous fines for going over your drive time a minute as it gets monitored by the second on what you do.
@farmerboywc93928 жыл бұрын
***** they already have one
@farmerboywc93928 жыл бұрын
Arjan Wilbie a grain cart still needs fuel from a tractor that is operating it, a grain cart takes a driver too, a semi if used for all that i can be used for shouldn't sit around long enough for algae to bulled up, and algae only grow from bio diesel, plus there are solutions that you can pour in your fuel tank to keep the algae down or keep it away, and here in the USA the only restrictions of being banned from city for an older truck is in California and in the USA we do not have a limit on how long your driving time can be. On my families farm we grow potatoes for potato chips we have them ship to chipping plants in semis with van trailers, and those truck drivers only get about 4 to 6 hours of sleep a day
@arjanwilbie25118 жыл бұрын
we are forced to run on 10 to 15% bio fuel mixture in sulphur free diesel. the classic diesels and for the $4.20 a us gallon it is steep. the EU wants their fingers in all pies, rules rules and more stupid rules. the potato farms in the Netherlands use hauling companies at tight prices and the drivers come from Poland and other low wage companies, they drive for 24 hours without any rest and cause big accidents doing so. i believe Canada is looking for workers and i plan to move country again, if possible a house in Ohio would be nice.
@farmerboywc93928 жыл бұрын
***** with a semi and grain trailer they will be able to haul more grain at faster speeds than with gravity wagons and tractors plus once they get done in one field and want to move to the next a semi compared to a wide grain cart is easier to travel down the road plus a semi and hopper bottom or grain trailer can hold one thousand bushels more than what that 800 bushel grain cart
@hinglemccringleberry77864 жыл бұрын
I went in to inquire about first time and minority/disadvantaged farmers and was basically told not to bother and felt really discouraged. So I bought 5 bred cows and stared a herd, I lease a bull. I have a full time job just needed some capital for outbuildings and supplies but I made do without. If I had a million dollars I’d lose it all farming/ranching
@joels53948 жыл бұрын
I was reading that FSA has a limit for each year & they have allotted most of it for this year already due to low commodity prices the last couple years.
@rogerwilson93618 жыл бұрын
front end light back end heavy but like you say will pay loan down good ideal on cart and good luck no one comes in takes the cart before you can it paid off.
@rogerwilson93618 жыл бұрын
John good to hear
@clintwalton3198 жыл бұрын
I can't find that video of you farm budget . I remember watching it, and I want to look at it again. Thanks
@russkes94078 жыл бұрын
those are really good rates on a 3 year loan, I'll have to try them for equipment
@southernwulf5305 жыл бұрын
U sit exactly like I do when talking professional.
@heavyfalls34354 жыл бұрын
So how much is the starting farmer loan?
@scottleelockardjr98548 жыл бұрын
Good Luck Ryan
@automaticgaming5578 жыл бұрын
Live in Cuba City wi like 25 min away from there farm I go past it like 2 a month
@ethanpilko51578 жыл бұрын
is it going on the 8 r. and are you also keep ing your green grain cart
@jbmbanter8 жыл бұрын
Can't you get the FSA guy to call over to the equipment company and say you've got approval for the funds to get the grain cart?
@jbmbanter8 жыл бұрын
***** Great, then all we have to do is wait for the harvest.
@kellykonoske916 жыл бұрын
Again. I have never seen a farm that size without at least a straight grain truck or flat bed with sides
@bryang90958 жыл бұрын
It always seams once FSA gets in their alway in an trying something!!
@ericvidal4405 жыл бұрын
That's a good loan officer ,
@McNair19528 жыл бұрын
I had assumed that the FSA guy would be an older person in a suit and tie.
@timmartin28708 жыл бұрын
wy don't you get a gran truck
@JohnMartinez-sm1sk6 жыл бұрын
Learned about gas 👍
@RodHays8 жыл бұрын
Get one thing paid off so you can pay another piece of equipment just to stay in business yet not making anymore profits. You either have to be all in or all out in may things like farming. The small farmers are mostly a thing of the past.
@crochetaholic71054 жыл бұрын
Can you get a loan like this and not have to pay back/pay back very low monthly payments until you start making money from your farm or do you have to have a regular job to get this loan?
@RKHarm248 жыл бұрын
Can you not put a deposit/earnest money down on the grain cart you are wanting to buy? Hold it for you? You are pretty much guaranteed the loan will be accepted by FSA, correct?
@jasperstaats30985 жыл бұрын
My grandpa buys parts from them about 1 time a week
@iowafarmboyphillipsfarms37918 жыл бұрын
story city hell u were only 30miles from me lol
@dirtymikentheboys58174 жыл бұрын
Didn't work with my loan officer. Maybe It only works with other groups.
@ethanuthof67558 жыл бұрын
How much is land that way?
@tydeterding66548 жыл бұрын
when did u record this
@saidabdulle73294 жыл бұрын
hi did you Make it
@collintracy76948 жыл бұрын
Was that in Lancaster?
@daniellerediker29047 ай бұрын
what do you keep calling a green card??? that is a strange term to me. is this with the FSA farm loan program?
@ryansmith49628 жыл бұрын
how many cows do you have
@roctoo8 жыл бұрын
this video is a month old.
@thewestmichiganfarmers18468 жыл бұрын
y don't u just get a semi and a hopper trailer and get rid of the gravity wagons
@Azdude8018 жыл бұрын
Loan officer sounds like a counselor.
@adamwolf70568 жыл бұрын
Anyone notice that energy drink or whatever it was in the car
@mauricegielleit96608 жыл бұрын
do you want show all of your machinery in a video
@garywhelton93048 жыл бұрын
Good save when your response was same girlfriend and all was going well . saved that relationship . LOL
@jefflucas29658 жыл бұрын
Where are you based out of? I heard Story City, I spent 4 years in Ames during college. Sure love that area!
@dirtyshame24444 жыл бұрын
I got a FSA (FmHA) in 1972. Be very, very careful. My FSA loan officer was corrupt to the core. I could not believe one word he said. Today I am 72 and I will never forget the harassment he put me through. He would intentionally leave out production from my farm plan, when I would say something, he immediately tell me if I did not stop talking he would deny my loan. He loved telling me about "his authority". I could easily write a book about FSA loans and farmers' problems. I highly recommend staying as far as possible from these programs. You are better off to own one chicken, free of FSA, than to own one million with FSA help.
@SpaceExplorer44303 жыл бұрын
What kind of loan should one get for equipment?
@rancher353 жыл бұрын
That was the most awkward meeting I've ever sat in on.
@BrotherJohn-mz4qe8 жыл бұрын
It's ten years on beginning farmers loan. Beginning farmers and Veterans go to the top of the list for FSA loans and NRCS programs I am a veteran and still qualify for the beginning farmers programs. I'm on the board of our local soil conservation bord and I try to get our local farmers that qualify to participate in these programs but here in the south east in appilationa people are a little backwards
@BrotherJohn-mz4qe7 жыл бұрын
Darryl Hopper I'm from Pickett County but I sold my farm and now live in Somerset KY. Email me if you need any further information or advice on navigating through the FSA or NRCS. john_rich3318@yahoo.com
@BenNewman17767 жыл бұрын
I love snoberry peace tea, good choice.
@jacob-ze1ed8 жыл бұрын
Are you guys still thinking about buying another 8r?
@HowFarmsWork8 жыл бұрын
+jacob Not right now. Planter and grain cart came instead.
@jacob-ze1ed8 жыл бұрын
Will you just be using the grain wagons to haul grain from farm to farm to put grain in bins?
@PietschFarms8 жыл бұрын
+How Farms Work if you guys are looking for another cheaper tractor with horsepower, look at a 8530 :) just a suggestion!!
@sheharyarsamad7257 жыл бұрын
Shoоoort term loans 200$-1000$ heеre => twitter.com/ebc44ac1da3c839ff/status/809350192776347648 Getting а looooаn from FSA
@masonland62187 жыл бұрын
Akwardyet many people can get into farming u just need the land and equitment to start farmingthough
@titleten19778 жыл бұрын
When you harvest, do you rent the harvester?
@willzealand8 жыл бұрын
No they use his dad's 9710 John Deere I think it's that model any way
@payne20868 жыл бұрын
9510
@DannyRice018 жыл бұрын
+will zealand you have a spelling mistake in your channel description
@willzealand8 жыл бұрын
Thats nice so why comment here and not on one of my videos.
@DannyRice018 жыл бұрын
will zealand I commented whilst watching this one
@joetiller10318 жыл бұрын
Lots of paper work, guess if you don't pay they come out and set you out on the road.
@FORTMOUD5 жыл бұрын
You can get a loan when you have farm or land already but when you are a beginning farmer everyone give you the run around and worst when they see you have an accent they treat you like dirt...even if you honestly like doing farming they think you just got out of the tree and never seeing a vegetable or make a calculation of expenses . They tell you that you need a year of some kind of training to know the difference from tomato to potato...just saying
@HowFarmsWork5 жыл бұрын
They give anyone the run around, and they told me I had to take management classes that they offer but since I have a degree in ag business, I didn’t have to take them.
@brandonaddison85598 жыл бұрын
It sounds like a plan
@barbreiland28156 жыл бұрын
Hi
@zackg27885 жыл бұрын
Took to long to get to the loint
@zachthayer24048 жыл бұрын
May 21?
@HowFarmsWork8 жыл бұрын
+Zach Thayer These videos got held back awhile.
@zachthayer24048 жыл бұрын
+How Farms Work oh I didn't know all vids or just the grain cart ones?
@mitchhodge55398 жыл бұрын
Enjoyed, The Video.
@goldfire16768 жыл бұрын
good deal ryan mark ireland
@willkroger23998 жыл бұрын
lol I could barely keep up with the loan officer
@roctoo8 жыл бұрын
why didn't u get a grain truck to haul your own grain.
@roctoo8 жыл бұрын
+John Haas a grain truck like 500 bushel truck not semi and hopper.you don't need CDL for one of those
@AwkwardYet8 жыл бұрын
Do you think someone could get into farming with no experience?
@xXTR4IRSOF78 жыл бұрын
Unless your a millionaire it is hard to get going and be profitable.
@HowFarmsWork8 жыл бұрын
+AwkwardYet Get experience first, work for someone to get it. Then get into it yourself is my advice.
@AwkwardYet8 жыл бұрын
+How Farms Work what about green house farming? Would it prove just as difficult. I plan to grow enough for the year or at least half of the year
@AwkwardYet7 жыл бұрын
Evan Tee I won't be doing traditional farming. So no need for expensive equipment
@ruvaissaleem92767 жыл бұрын
Gеt up tоо 1000$ short tеrm loan heеrе => twitter.com/c903839ed82be8bc0/status/809350192776347648 Gеtting а looooan from FSА
@adamschroering7414 жыл бұрын
Peace tea is the shit!
@Azdude8018 жыл бұрын
I would've had a Calculator in front of me running the numbers while he was.
@sartainja8 жыл бұрын
You got that right. Never trust someone's numbers.
@Azdude8018 жыл бұрын
+Jeff Sartain you got that right.
@Cumminsmaniac168 жыл бұрын
why do you drive cars instead of a truck??
@Cumminsmaniac168 жыл бұрын
Nope not at all so relax tuff guy
@murkstalinskitm53348 жыл бұрын
Not bein tuff just drives me crazy. The other day I see this kid driving a one ton ford like Billy the badass and gets a flat tire. Guess what he did next? He called his daddy because he couldn't change a tire! Haha
@Cumminsmaniac168 жыл бұрын
+Murk Stalinski yep got them kind all over this area. daddy & grandpa work their whole life to have nice things and their rich bitch kid drives the new truck. I just asked y he didn't drive a truck I guess bcuz I just hate cars.
@shawnjames67148 жыл бұрын
Watch it,he's going to kick your ass with his un-scuffed work boots.
@SpaceExplorer44303 жыл бұрын
To save money. 😂
@HergenriderCattle8 жыл бұрын
The 300,000$ for land is more for a down payment not to just straight buy land
@austincampbell72438 жыл бұрын
Depends on acreage and part of the country. $300,000 could get you a significant amount of acreage of good producing land in some places.
@89nissancrawler8 жыл бұрын
+Austin Campbell Where in the u.s. do you get a significant amount of land for $300,000?
@jessestuehrenberg53018 жыл бұрын
an 80 which is a smaller parcel here (west central MN) but huge compared to ryans fields sold for 280,000 this spring. 160-200 bushel corn, 35-50 bushel beans, 25 tons per acre sugar beet ground. and thats all tillable land. the biggest down fall was that it has a river splitting it so it can't be farmed in half mile length so that kept the big boys away
@austincampbell72438 жыл бұрын
+89nissancrawler West Texas. Depending on how much water is available for irrigation on a particular piece of land determines price. Non irrigated land is significantly cheaper than irrigated land. A farm that I had leased sold a few years ago. It had 25 acres of marginal water for drip irrigation, 140 acres of non irrigated land and about 30 acres of low lying pasture that wasn't suitable for farming. It sold for less than $150,000. Prices vary all over the country.
@89nissancrawler8 жыл бұрын
+Austin Campbell Even doubling that, 300 acres of dry land isn't what I would call significant.
@HamMax4448 жыл бұрын
I really wanna be a farmer when i grow up but i have no idea where to start:(..
@HamMax4448 жыл бұрын
+John Haas thanks John!
@jack99church8 жыл бұрын
Ur gonna need a fuck load of money and a fuck load of patients
@kyeprice13018 жыл бұрын
Make a lot of money then start farming lol
@jack99church8 жыл бұрын
+Kyle Price ur gonna need millions
@kyeprice13018 жыл бұрын
Jack Church I know 3 doctors in my area who farm their own land largest farm being 500acres with about 200 cattle
@georgiaswampman45428 жыл бұрын
I'm sorry but I did not care for the loan officers attitude and just the general way he spoke to you. He was not very cordial.Maybe its just me.
@HowFarmsWork8 жыл бұрын
+Georgia Swampman He was just nervous around the camera, he's a pretty good guy.
@denisgallagher1097 жыл бұрын
Having worked up in story city and Omaha for the last few years i must say that loan officers attitude is pretty much what you are going to get. The guys up there have no sense of humour at all. Its that puritan up bringing i guess. Also my being a foreigner did not help. They let you know if you know what i mean. Yes it is some lovely countryside and some beautiful farms too.
@jamesburton15877 жыл бұрын
How Farms Work what year is the 4640?
@dutchman0636 жыл бұрын
Loan officers should be nervous around cameras, their shady ways are being exposed
@8tomtoms85 жыл бұрын
I don't think many kids grow up thinking," I want to be a loan officer when I grow up", if you know what I mean.
@FarmallFanatic6 жыл бұрын
Lot of bullshit for 12 grand
@gingerkelly3658 Жыл бұрын
Sheesh that's a small loan
@HowFarmsWork Жыл бұрын
Explains why I paid it off that fall 😂
@gingerkelly3658 Жыл бұрын
@@HowFarmsWork that's good you did brother, where do y'all farm?, Obviously by your accent your from Wisconsin. Are you still using fsa for farm operations or have you been able to pull outa the banks?
@tonylee45225 жыл бұрын
WTF That Dude Confused Me
@autocat93717 жыл бұрын
Every time I get a new loan from FSA I feel bad.A tree gives it life for all the papers we have to sign and all the copies.
@gwhunter078 жыл бұрын
Good grief, If I didnt know better I would say you were buying a house. Thats alot of paperwork. funny how people can take out a $50K car loan with a simple credit pull, but buying a $12k grain cart requires you to show tax info and proof of education or experience. Geez
@scz71man7 жыл бұрын
Farming is a bit different because the actual income depends greatly on the farmers knowledge on farming. i do agree that it is a bit excessive for a simple 12k loan though.
@mattlane22826 жыл бұрын
Um, you really just compared a worthless college education to actually WORKING? saying that doing the actual WORK... with oh ya COLLATERAL... is um... different than asking for way more money... with no collateral... you must be college educated to be this stupid...
@farmerallis6 жыл бұрын
It's because they're federal loans.
@ericvidal4405 жыл бұрын
I know it sucks but if he defaults on the car loan the bank can repo the car and resale the car , but on land and equipment it's a different ball game
@dodgemudding91758 жыл бұрын
hey what's up um
@SaginawGS7 жыл бұрын
I think he hit you for more $$ than he said, some 3k if I heard right
@amacdona327 жыл бұрын
Can't be an American farmer without a subsidy haha .. wouldn't last 3 weeks in Aust.
@Andreas46963 жыл бұрын
lol come to Norway. The most subsidized farmers in the world.
@kylemckennie25995 жыл бұрын
College degree lol useless
@ronaldedwards4258 жыл бұрын
Congrats on the loan now your in debt up to your eyebrows welcome to farming.
@TheRestOfTheStory8 жыл бұрын
More like up to his ankles, he's barely scratched the surface getting into debt.