New provisions are available for the Farm Storage Facility Loan program, which provides low-cost financing for farmers to purchase or upgrade on-farm storage, handling facilities and storage and handling trucks.
The new FSFL provisions include FSFL microloans of up to $50,000 with a five percent down payment, and reduced documentation for determining storage capacity needs. Also now included for the FSFL program are storage and handling equipment or trucks, and all FSFL-financed equipment, structures and storage and handling trucks must have a useful life for at least the FSFL term.
The FSFL program benefits producers who lack local commercial storage options or have limited marketing options for their commodities at harvest time.
For more information visit fsa.usda.gov/programs-and-services/price-support/facility-loans/farm-storage.
