One farmland financing strategy is to borrow money from family, friends, or community funding groups. This can be a great alternative (or addition) to a traditional bank loan. However, don’t skimp on the details if you want to preserve good relationships and build legal resilience. A promissory note is the way to do this! We have a totally helpful resource to help you do this. Check out our Promissory Note Toolbox (37pgs.), which provides the legal tools you need to create your very own promissory note, including a checklist, a model promissory note, and a story to illustrate its utility.
Join Farm Commons on Thursday, April 24, 2025, at 11 AM CT for a free webinar, where we will share new and improved resources available, and discuss the termination and reapplication activity surrounding the Partnerships for Climate Smart Commodities program, including the opportunity for appeal.