Considering The Interest-Only Credit Line: How Long Will That Good Deal Stay Good?

One of the options available to farm owners who need loans is the long-term interest-only loan, in which you make payments that cover interest for a few years before switching to traditional interest-and-principle payments. These can be a great way for someone to get into farming without breaking their budget as the farm gets underway. However, for people who were stung by bad mortgage loans in the Great Recession, "interest only"