New Farm Storage Facility Loan regulatory provisions

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.
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