New York Agricultural Real Estate

GoDocs does not document agricultural loans.

An “agricultural loan,” as defined by the FDIC, are “loans to fund the production of crops, fruits, vegetables, and livestock, or to fund the purchase or refinance of capital assets such as farmland, machinery and equipment, breeder livestock, and farm real estate improvements.”

The "expansion of farm operations" could reasonably be construed as falling under the definition of an “agricultural loan”. With that, GoDocs documents may be used if solely constructing a building that is not deemed to be a “farm real estate improvement,” such as a building that is related to the business of farming, e.g., an office building or warehouse, but is not essential to the conducting of farming.

The best we can do at this time is provide you with a referral to our LegalNet affiliate network for an outside attorney to help you document this particular loan. If you would like us to make that referral, please let me know.