While most people get into farming because they're interested in growing produce or raising livestock, there are many other considerations they have to make. After all - applying for a farm land loan means that a person will be attempting to buy a large tract of land. The responsibility of that kind of ownership can bring farmers into contact with many other economic forces.
For example, many agricultural operations chose to lease their land or grant permission to chemical and energy companies for drilling and exploration. In particular, some Pennsylvania farmers found themselves in business with the natural gas industry and have since felt the repercussions of hydraulic fracturing, also known as fracking.
Two dairy farmers will be appearing at Skaneateles First Presbyterian Church in Skaneateles, New York, this week to share their thoughts about doing business with energy companies and the effects that the process had on crops, livestock, the land and their financial positions. This is the sort of information that is essential to take into account before engaging in some kind of agricultural operation. Consider that while farming may be the reason that a person applies for a farm land loan, other opportunities or situations might arise that cause them to use their land differently.
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