During 2008, as the Dow fell by 31.4 percent and home prices dropped 12.4 percent, according to NAR research, the prices of farm and pasture land generally maintained its value. Land prices usually stabilize during a down turn and hold their value during financial storms.
According to the most recent figures available from the U.S Department of Agriculture, farm real estate values rose 8.8 percent between 2007 and 2008 (the most recent figures available). Pasture land saw an increase of 6 percent during the same period . . .

Farm Credit System (www.farmcredit.com), a federally chartered network of borrower-owned lending institutions, are still offering loans for as much as 85 percent of purchase price with a 20-year amortization in 2009.

The State has announced that a new State Equestrian Center will be built in Camden, SC. at exit 101 off of I-20. . . .

Many banks have restricted the number of loans . . .

South Carolina is one of the fastest growing states in the U.S., particularly in the Southeast,. . . .