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Loans available for handling equipment, portable storage

Loans available for handling equipment, portable storage

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    Majalengka’s Declining Shallot Production: Weather, Market Pressures, and Shifting Farming Trends

    Majalengka’s Declining Shallot Production: Weather, Market Pressures, and Shifting Farming Trends

    Boosting Shallot Production in Serang: A Strategic Move for Food Security and Economic Growth

    Boosting Shallot Production in Serang: A Strategic Move for Food Security and Economic Growth

    Closing the Gap: Boosting Local Shallot Production in Serang Regency to Meet Rising Demand

    Closing the Gap: Boosting Local Shallot Production in Serang Regency to Meet Rising Demand

    Nashik’s Onion Boom: Record 63% Surge in Summer Production – But Are Farmers Profiting?

    Nashik’s Onion Boom: Record 63% Surge in Summer Production – But Are Farmers Profiting?

    South Korea’s Onion Exports to Taiwan: A Strategic Move to Stabilize Prices and Supply

    South Korea’s Onion Exports to Taiwan: A Strategic Move to Stabilize Prices and Supply

    The 23rd Wolak Mountain Songgye Onion Festival: Celebrating Quality, Tradition, and Farmer Prosperity

    The 23rd Wolak Mountain Songgye Onion Festival: Celebrating Quality, Tradition, and Farmer Prosperity

    Russia’s Onion Market in 2025: Import Growth, Price Volatility, and Shifting Supply Dynamics

    Russia’s Onion Market in 2025: Import Growth, Price Volatility, and Shifting Supply Dynamics

    Empowering Farmers: How Yeongnam Vegetable Cooperative Aims to Stabilize Garlic and Onion Markets

    Empowering Farmers: How Yeongnam Vegetable Cooperative Aims to Stabilize Garlic and Onion Markets

    Onion Farming Revolution: How Mechanization Cuts Labor by 82% and Boosts Profitability

    Onion Farming Revolution: How Mechanization Cuts Labor by 82% and Boosts Profitability

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    KFU Scientists Develop Smart Algorithm for Autonomous Tractors to Reduce Soil Compaction and Boost Efficiency

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  • NEWS
    Majalengka’s Declining Shallot Production: Weather, Market Pressures, and Shifting Farming Trends

    Majalengka’s Declining Shallot Production: Weather, Market Pressures, and Shifting Farming Trends

    Boosting Shallot Production in Serang: A Strategic Move for Food Security and Economic Growth

    Boosting Shallot Production in Serang: A Strategic Move for Food Security and Economic Growth

    Closing the Gap: Boosting Local Shallot Production in Serang Regency to Meet Rising Demand

    Closing the Gap: Boosting Local Shallot Production in Serang Regency to Meet Rising Demand

    Nashik’s Onion Boom: Record 63% Surge in Summer Production – But Are Farmers Profiting?

    Nashik’s Onion Boom: Record 63% Surge in Summer Production – But Are Farmers Profiting?

    South Korea’s Onion Exports to Taiwan: A Strategic Move to Stabilize Prices and Supply

    South Korea’s Onion Exports to Taiwan: A Strategic Move to Stabilize Prices and Supply

    The 23rd Wolak Mountain Songgye Onion Festival: Celebrating Quality, Tradition, and Farmer Prosperity

    The 23rd Wolak Mountain Songgye Onion Festival: Celebrating Quality, Tradition, and Farmer Prosperity

    Russia’s Onion Market in 2025: Import Growth, Price Volatility, and Shifting Supply Dynamics

    Russia’s Onion Market in 2025: Import Growth, Price Volatility, and Shifting Supply Dynamics

    Empowering Farmers: How Yeongnam Vegetable Cooperative Aims to Stabilize Garlic and Onion Markets

    Empowering Farmers: How Yeongnam Vegetable Cooperative Aims to Stabilize Garlic and Onion Markets

    Onion Farming Revolution: How Mechanization Cuts Labor by 82% and Boosts Profitability

    Onion Farming Revolution: How Mechanization Cuts Labor by 82% and Boosts Profitability

  • AGROTECHNOLOGY
    • All
    • Climate
    • Crop protection
    • digital (smart)
    • dron
    • Fertilizer
    • Research
    • weed
    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

    Drones in Agriculture: Revolutionizing Crop Treatment or Just a High-Tech Stopgap?

    Drones in Agriculture: Revolutionizing Crop Treatment or Just a High-Tech Stopgap?

    KFU Scientists Develop Smart Algorithm for Autonomous Tractors to Reduce Soil Compaction and Boost Efficiency

    KFU Scientists Develop Smart Algorithm for Autonomous Tractors to Reduce Soil Compaction and Boost Efficiency

    Smart Garden” in the Arctic: How a Yakutian School is Pioneering Year-Round Farming in Extreme Conditions

    Smart Garden” in the Arctic: How a Yakutian School is Pioneering Year-Round Farming in Extreme Conditions

    EU Tariffs on Russian and Belarusian Fertilizers: A Threat to European Agriculture?

    EU Tariffs on Russian and Belarusian Fertilizers: A Threat to European Agriculture?

    Novgorod Farmers Overcome Extreme Weather to Exceed Spring Sowing Targets by 6%

    Novgorod Farmers Overcome Extreme Weather to Exceed Spring Sowing Targets by 6%

    Agricultural Drones in Leningrad Region: High Costs and Legal Barriers Slow Adoption Despite Benefits

    Agricultural Drones in Leningrad Region: High Costs and Legal Barriers Slow Adoption Despite Benefits

    Agricultural Insurance on the Rise: How Climate Risks Are Reshaping Farming in Russia and Tatarstan

    Agricultural Insurance on the Rise: How Climate Risks Are Reshaping Farming in Russia and Tatarstan

    Digital Twins in Agriculture: How Virtual Farm Modeling Boosts Efficiency and Sustainability

    Digital Twins in Agriculture: How Virtual Farm Modeling Boosts Efficiency and Sustainability

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Loans available for handling equipment, portable storage

by Tatyana Ivanovich
May 4, 2022
in storage
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Loans available for handling equipment, portable storage

USDA will provide a new financing option to help farmers purchase portable storage and handling equipment. Farm Service Agency (FSA) Administrator Val Dolcini and Agricultural Marketing Service (AMS) Administrator Elanor Starmer announced changes to the Farm Storage Facility Loan (FSFL) program during a local and regional food roundtable in Columbus, Ohio.

The loans, which now include a smaller microloan option with lower down payments, are designed to help producers, including new, small and mid-sized producers, grow their businesses and markets, the agency said.

The program also offers a new “microloan” option, which allows applicants seeking less than $50,000 to qualify for a reduced down payment of five percent and no requirement to provide three years of production history. Farms and ranches of all sizes are eligible.

The microloan option is expected to be of particular benefit to smaller farms and ranches, and specialty crop producers who may not have access to commercial storage or on-farm storage after harvest. These producers can invest in equipment like conveyers, scales or refrigeration units and trucks that can store commodities before delivering them to markets. Producers do not need to demonstrate the lack of commercial credit availability to apply.

“Growing high-value crops for local and regional markets is a common entry point for new farmers,” Starmer said. “Since they often rent land and have to transport perishable commodities, a loan that can cover mobile coolers or even refrigerated trucks fills an important gap. These producers in turn supply the growing number of food hubs, farmers markets or stores and restaurants interested in sourcing local food.”

Earlier this year, FSA expanded the list of commodities eligible for Farm Storage Facility Loan. Eligible commodities now include aquaculture; floriculture; fruits (including nuts) and vegetables; corn, grain sorghum, rice, oilseeds, oats, wheat, triticale, spelt, buckwheat, lentils, chickpeas, dry peas, sugar, peanuts, barley, rye, hay, honey, hops, maple sap, unprocessed meat and poultry, eggs, milk, cheese, butter, yogurt and renewable biomass.

FSFL microloans can also be used to finance wash and pack equipment used post-harvest, before a commodity is placed in cold storage.

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