Finding Farmland Calculator – A New Tool
New Finding Farmland Calculator from the National Young Farmers Coalition
The National Young Farmers Coalition (NYFC) is proud to share a newly upgraded tool for your digital toolbox: the Finding Farmland Calculator. The calculator, a decision-making tool built specifically for farmers seeking land, enables you to:
Understand farm financing options. Learn about the different ways to finance a farm purchase and build your own farmland purchase scenarios.
Determine what you can afford. Enter information about your income, assets, and liabilities to better understand your loan repayment capacity and creditworthiness.
Prepare to work with a loan officer. Begin planning for your own real-world land purchase. Compare properties, download your results, and discuss them with a mentor or lender.
Use this calculator to build scenarios for purchasing farmland. You can compare detailed estimates of total costs, monthly payments and affordability metrics, then download the results to have on hand when meeting with a loan officer. You simply need to know the price of the piece of farmland you are considering in order to get started.
The Finding Farmland Calculator—a new version of the beta tool we released last October—has been created in close consultation with young farmers and service providers to meet the functional and educational needs of farmers considering a land purchase. We are grateful to have worked with award-winning Fathom Information Design to produce an intuitive, beautiful data-visualization tool.
We want Finding Farmland to be farmers’ go-to online resource when seeking land. Educators and service providers are encouraged to reach out to us at findingfarmland@youngfarmers.org to learn more about incorporating this tool into their own programs.
This NYFC project is supported by a grant from the USDA National Institute of Food and Agriculture through its Beginning Farmer and Rancher Development Program.
Get more resources for finding land to farm from beginningfarmers.org at https://www.beginningfarmers.org/finding-land-to-farm/
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