is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
On Farm Storage Loans Now Available

On Farm Storage Loans Now Available

Low-interest financing will help producers upgrade storage and handling facilities.

Changes to the Farm Storage Facility Loan program have been implemented in accordance with the 2008 Farm Bill. These changes will allow producers of eligible commodities to obtain low-interest financing to build or upgrade farm storage and handling facilities. USDA's Farm Service Agency administers the program on behalf of the Commodity Credit Corporation.

 

The maximum principal amount of a loan through FSFL is $500,000. Participants are required to provide a down payment of 15%, with CCC providing a loan for the remaining 85% of the net cost of the eligible storage facility and permanent drying and handling equipment. Loan terms of up to 12 years are available. Interest rates are based on the rate which CCC borrows from the Treasury Department.

 

Payments are available in two disbursements. A partial disbursement will be available after a portion of the construction has been completed. The final fund disbursement will be made when all construction is completed. Applications for the Farm Storage Facility Loan program are made through your local Farm Service Agency office.

TAGS: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish