Submitted by [deleted] t3_114m7tm in RhodeIsland
WafflesTheBadger t1_j8wyq0b wrote
Call the USDA office and learn about their loan programs. They'll loan up to $600K to a budding farmer and then a bank could cover the rest. I forget the interest rate but it was very reasonable and if you're socio-economically disadvantaged, there are programs available to help offset any losses in the first few years.
Brokers can help because a lot of good deals can be tricky to find online.
You need to be mindful of zoning. Scituate is a very lovely place but I've heard that trying to get building permits or get something zoned for agricultural use if it's not grandfathered in is much more painful than it should be. (This is just an example. Every town has pros and cons).
NewEngland313 t1_j8wzmgl wrote
Thank you for the advice!
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