Courtesy of that farmer I mentioned yesterday comes yet another grist special about farm financing. I dunno, I see these articles around and about a lot and what it boils down to is that people seem to expect tens or hundreds of thousands (or more) for business models that aren’t likely to pan out. Like, there is a 5 acre ‘farm’ mentioned in the comments that had trouble getting farm financing. That ‘s not really a financially viable farm size. It is fine as a homestead or a hobby, but not a working farm, as a solid rule of thumb.
I do think there is some valid critique about lenders not being open to mixed-use, more diverse farming models, but it’s hard to see past the entitlement mentality.
My husband and I are getting a little homestead together and if that goes well, we’ll try to farm for real, but we worked really hard to save up some reserve to buy equipment, stock, etc. and I never see anyone mention that. It used to be (at least where I grew up) that a farmhand (which is what ‘farm manager’ means in practical terms) who wanted their own set something aside over years until they had some kind of down payment or reserve for equipment/seed/etc., even if they were mostly living off room/board and very small wages. They didn’t go around crying that the USDA wouldn’t lend them the money. But, that was a couple decades ago. Now nobody thinks you need savings to do anything, I guess.