You normally have to mortgage your land to get long-term loans that are repayable over the next 15-20 years. The loan can be repaid in installments according to your repayment schedule using your agricultural produce. Once the entire loan is repaid, your mortgaged land will be transferred back in your name. Even if you fail to repay the loan on schedule due to crop failure or natural calamities, you can reschedule your loan and the repayment period can be extended up to 25-30 years. So, keep these things in mind if you are planning to get a long-term agricultural loan. Having finances at hand will certainly help you grow your agriculture business, but you should go about it the right way. Visit United Farm Mortgage for more information on long term agricultural loans.
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