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Loans available for handling equipment, portable storage

Loans available for handling equipment, portable storage

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    Solving Russia’s Agricultural Labor Crisis: Strategies to Attract and Retain Skilled Workers

    Solving Russia’s Agricultural Labor Crisis: Strategies to Attract and Retain Skilled Workers

    From Permafrost to Paradise: How a Sakhalin Farmer is Growing Tropical Trees in Russia’s Far East

    From Permafrost to Paradise: How a Sakhalin Farmer is Growing Tropical Trees in Russia’s Far East

    Kalmykia’s Water Revolution: How a 97 Million Ruble Irrigation Overhaul Will Transform Arid Agriculture

    Kalmykia’s Water Revolution: How a 97 Million Ruble Irrigation Overhaul Will Transform Arid Agriculture

    Turkey’s Deepening Food Crisis: How Soaring Prices Are Pushing Basic Nutrition Out of Reach

    Turkey’s Deepening Food Crisis: How Soaring Prices Are Pushing Basic Nutrition Out of Reach

    Omsk Region Harvest Update: Strong Potato and Vegetable Yields Signal Promising Season

    Omsk Region Harvest Update: Strong Potato and Vegetable Yields Signal Promising Season

    Czech Buyers Flock to Polish Markets: A Boon for Farmers and a Lesson in Cross-Border Trade

    Czech Buyers Flock to Polish Markets: A Boon for Farmers and a Lesson in Cross-Border Trade

    The Science and Safety of Lactic Acid Fermentation: A Guide to Perfectly Fermented Vegetables

    The Science and Safety of Lactic Acid Fermentation: A Guide to Perfectly Fermented Vegetables

    Cool Climate, Superior Taste: How Nagano’s ‘Shinshu 868’ Cabbage Thrives in Alpine Conditions

    Cool Climate, Superior Taste: How Nagano’s ‘Shinshu 868’ Cabbage Thrives in Alpine Conditions

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

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    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Early Harvest Success in Altai Krai: Record Yields of Potatoes and Vegetables Signal Strong Season

    Early Harvest Success in Altai Krai: Record Yields of Potatoes and Vegetables Signal Strong Season

    Pre-Gorye Farmers Set to Harvest 620 Tons of Carrots and 820 Tons of Beets: Modern Techniques and High-Yield Varieties Drive Success

    Pre-Gorye Farmers Set to Harvest 620 Tons of Carrots and 820 Tons of Beets: Modern Techniques and High-Yield Varieties Drive Success

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

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    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

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    Solving Russia’s Agricultural Labor Crisis: Strategies to Attract and Retain Skilled Workers

    Solving Russia’s Agricultural Labor Crisis: Strategies to Attract and Retain Skilled Workers

    From Permafrost to Paradise: How a Sakhalin Farmer is Growing Tropical Trees in Russia’s Far East

    From Permafrost to Paradise: How a Sakhalin Farmer is Growing Tropical Trees in Russia’s Far East

    Kalmykia’s Water Revolution: How a 97 Million Ruble Irrigation Overhaul Will Transform Arid Agriculture

    Kalmykia’s Water Revolution: How a 97 Million Ruble Irrigation Overhaul Will Transform Arid Agriculture

    Turkey’s Deepening Food Crisis: How Soaring Prices Are Pushing Basic Nutrition Out of Reach

    Turkey’s Deepening Food Crisis: How Soaring Prices Are Pushing Basic Nutrition Out of Reach

    Omsk Region Harvest Update: Strong Potato and Vegetable Yields Signal Promising Season

    Omsk Region Harvest Update: Strong Potato and Vegetable Yields Signal Promising Season

    Czech Buyers Flock to Polish Markets: A Boon for Farmers and a Lesson in Cross-Border Trade

    Czech Buyers Flock to Polish Markets: A Boon for Farmers and a Lesson in Cross-Border Trade

    The Science and Safety of Lactic Acid Fermentation: A Guide to Perfectly Fermented Vegetables

    The Science and Safety of Lactic Acid Fermentation: A Guide to Perfectly Fermented Vegetables

    Cool Climate, Superior Taste: How Nagano’s ‘Shinshu 868’ Cabbage Thrives in Alpine Conditions

    Cool Climate, Superior Taste: How Nagano’s ‘Shinshu 868’ Cabbage Thrives in Alpine Conditions

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

  • AGROTECHNOLOGY
    • All
    • Climate
    • Crop protection
    • digital (smart)
    • dron
    • Fertilizer
    • Research
    • weed
    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Extreme Heat and Food Price Spikes: How Climate Change is Disrupting Global Agriculture and Inflation

    Early Harvest Success in Altai Krai: Record Yields of Potatoes and Vegetables Signal Strong Season

    Early Harvest Success in Altai Krai: Record Yields of Potatoes and Vegetables Signal Strong Season

    Pre-Gorye Farmers Set to Harvest 620 Tons of Carrots and 820 Tons of Beets: Modern Techniques and High-Yield Varieties Drive Success

    Pre-Gorye Farmers Set to Harvest 620 Tons of Carrots and 820 Tons of Beets: Modern Techniques and High-Yield Varieties Drive Success

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

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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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