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What happens when the purchase price of a farm is greater than $477,000?

April 26, 2017farm greater happens price purchase

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What happens when the purchase price of a farm is greater than $477,000?

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The purchase price of an Ag loan transaction may be any amount, but NIFA may only issue a bond for up to $477,000 to assist the borrower in obtaining a reduced interest rate. For any amount in excess of $477,000 the borrower must obtain other sources of additional financing.