Long Term Farm Operation

[Wardrick]

I just inherited 80 acres of land but don't have the funds to cover the equipment fees, gas costs, and accessories. I'm looking be loaned 18 BTC to buy a small trailer and a bailer, as well as a few other items. I have 80 acres that I own that I can plant any Washington plant in. My Property has 3 ponds on it so it should be easy to care for the crops. 80 Acres and I expect over 1/2 of the yield sellable, and 1 Sq Acre of Hay = $1200. With the three ponds it gives me a good advantage. Out of the 80 acres, I believe about 1/2 the yield will be harvested. 40 acres x's around $1200 per sq acre =  $44,000. All I need is the equipment to get started. Feel free to PM me interest rates and anything else. I'm positive I could get one harvest done by the time harvesting season ends. Any questions please PM me.

During 3 months this loan will be available. Otherwise next growing season will be 9 months from now.

Current funding needed: 18BTC

[Justin00]

What are you going to be growing ?

As per comments in other threads... Why not go to the bank ? This seems perfect for a bank.. Its actually a real idea the banks would support.. (as oposed to BTC mining or something you can't exactly tell/explain to the banks)

[Wardrick]

What are you going to be growing ?

As per comments in other threads... Why not go to the bank ? This seems perfect for a bank.. Its actually a real idea the banks would support.. (as oposed to BTC mining or something you can't exactly tell/explain to the banks)

I'm looking to either grow hay, potatoes, corn, and maybe marijuana if I'm able to get a license. It should be really easy with the three ponds on my property. I don't want to to take out a loan from a bank though because of the high interest costs they have, and if something were to go wrong (which I doubt would happen) I would get a lot of my things repossessed. The thing about being lent BTC is I don't have to worry about that as much, and when I harvest I'll be happy to give an extra bonus for helping me out.

[Tomatocage]

I can do this for 120% collateral in LTC @ 2% interest. If you don't have collateral, I'd have to set the interest rate at 25%.

[Wardrick]

I can do this for 120% collateral in LTC @ 2% interest. If you don't have collateral, I'd have to set the interest rate at 25%.

If you could do 15% as the interest rate then we have a deal. Depending on the amount of profit from the first harvest I will definitely bump it up to 25%.

[Justin00]

And if something were to go wrong (which I doubt would happen) I would get a lot of my things repossessed. The thing about being lent BTC is I don't have to worry about that as much,

Hey atleast you are honest. If at all goes bad no repocussions... :/

[Tomatocage]

After thinking a little more about it, I'm going to have to withdraw my offer of the uncollateralized loan. I don't want to risk losing that much and then going through the process of collecting on it.

[iluvbitcoins]

I'm sure a bank would give you a far lower interest rate then anyone here, the rates on btalk are always exploitative because of high risks

and without collateral it's going to be extremly hard getting such a high loan

[Justin00]

He doesn't want to go to a bank because if it all goes bad a bank will reposes stuff.. he mentions this in post #4 or 5.
but in summary he said.. bank will reposes .... BTC loan... nothing happens so win win for him if the loan goes bad

giant red flag right there

[Wardrick]

He doesn't want to go to a bank because if it all goes bad a bank will reposes stuff.. he mentions this in post #4 or 5.
but in summary he said.. bank will reposes .... BTC loan... nothing happens so win win for him if the loan goes bad

giant red flag right there

I don't need this anymore, unless someone is actually interested and not just posing to post message me. I thought it'd be easier to get a BTC loan but by farming time next summer I'll have the funds for everything. What I really needed right now is supplies, a tiller, and a lot of weed killer which I already bought. The rest I won't need until next May.