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Loans available for handling equipment, portable storage

Loans available for handling equipment, portable storage

May 4, 2022
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    The August Advantage: How Potassium-Phosphate Nutrition Unlocks Unprecedented Carrot Quality and Yield

    The August Advantage: How Potassium-Phosphate Nutrition Unlocks Unprecedented Carrot Quality and Yield

    The Final Countdown: How Three Weeks of Strategic Nutrition Can Transform Your Carrot Harvest

    The Final Countdown: How Three Weeks of Strategic Nutrition Can Transform Your Carrot Harvest

    Mobilizing a Nation: Mongolia’s Unconventional Strategy to Secure Its Harvest

    Mobilizing a Nation: Mongolia’s Unconventional Strategy to Secure Its Harvest

    Cracking the Code: Understanding and Preventing Carrot Fractures for Optimal Yield

    Cracking the Code: Understanding and Preventing Carrot Fractures for Optimal Yield

    The August Mistake: Why Premature Harvest Robs Root Crops of Weight and Nutrients

    The August Mistake: Why Premature Harvest Robs Root Crops of Weight and Nutrients

    The Agronomic Edge: Capitalizing on the Broccoli, Carrot, and Pumpkin Wellness Boom

    The Agronomic Edge: Capitalizing on the Broccoli, Carrot, and Pumpkin Wellness Boom

    Beyond the Supplement Aisle: 8 Magnesium-Rich Vegetables to Power Your Health and Your Profits

    Beyond the Supplement Aisle: 8 Magnesium-Rich Vegetables to Power Your Health and Your Profits

    From 8 to 480 Hectares: The Kazakh Farm Pioneering ‘Healthy Eating’ Vegetables with Precision Irrigation

    From 8 to 480 Hectares: The Kazakh Farm Pioneering ‘Healthy Eating’ Vegetables with Precision Irrigation

    Tao Nguyen’s High-Tech Agri-Revolution: A Blueprint for Sustainable Highland Farming

    Tao Nguyen’s High-Tech Agri-Revolution: A Blueprint for Sustainable Highland Farming

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    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

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    Tula Region Showcases Agricultural Drones at ‘Future Technologies’ Forum: How UAVs Are Revolutionizing Farming

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    Breaking Boundaries: Sakhalin Farmer Successfully Grows Watermelons in Russia’s Far North

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    Frost Wipes Out 95% of Kuban’s Blueberry Crop: A Cautionary Tale of Climate Risks

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    The August Advantage: How Potassium-Phosphate Nutrition Unlocks Unprecedented Carrot Quality and Yield

    The August Advantage: How Potassium-Phosphate Nutrition Unlocks Unprecedented Carrot Quality and Yield

    The Final Countdown: How Three Weeks of Strategic Nutrition Can Transform Your Carrot Harvest

    The Final Countdown: How Three Weeks of Strategic Nutrition Can Transform Your Carrot Harvest

    Mobilizing a Nation: Mongolia’s Unconventional Strategy to Secure Its Harvest

    Mobilizing a Nation: Mongolia’s Unconventional Strategy to Secure Its Harvest

    Cracking the Code: Understanding and Preventing Carrot Fractures for Optimal Yield

    Cracking the Code: Understanding and Preventing Carrot Fractures for Optimal Yield

    The August Mistake: Why Premature Harvest Robs Root Crops of Weight and Nutrients

    The August Mistake: Why Premature Harvest Robs Root Crops of Weight and Nutrients

    The Agronomic Edge: Capitalizing on the Broccoli, Carrot, and Pumpkin Wellness Boom

    The Agronomic Edge: Capitalizing on the Broccoli, Carrot, and Pumpkin Wellness Boom

    Beyond the Supplement Aisle: 8 Magnesium-Rich Vegetables to Power Your Health and Your Profits

    Beyond the Supplement Aisle: 8 Magnesium-Rich Vegetables to Power Your Health and Your Profits

    From 8 to 480 Hectares: The Kazakh Farm Pioneering ‘Healthy Eating’ Vegetables with Precision Irrigation

    From 8 to 480 Hectares: The Kazakh Farm Pioneering ‘Healthy Eating’ Vegetables with Precision Irrigation

    Tao Nguyen’s High-Tech Agri-Revolution: A Blueprint for Sustainable Highland Farming

    Tao Nguyen’s High-Tech Agri-Revolution: A Blueprint for Sustainable Highland Farming

  • AGROTECHNOLOGY
    • All
    • Climate
    • Crop protection
    • digital (smart)
    • dron
    • Fertilizer
    • Research
    • weed
    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Israel’s Water Crisis Reaches Breaking Point: Agriculture Bears Brunt of Unprecedented Drought

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

    Cabbage Compound Breaks Down Dental Plaque by 90% – A Game Changer for Oral Health and Agriculture

    Cabbage Compound Breaks Down Dental Plaque by 90% – A Game Changer for Oral Health and Agriculture

    Winter Warriors: The Cold-Hardy Vegetables That Defy Frozen Soil and Keep Growing

    Winter Warriors: The Cold-Hardy Vegetables That Defy Frozen Soil and Keep Growing

    Tula Region Showcases Agricultural Drones at ‘Future Technologies’ Forum: How UAVs Are Revolutionizing Farming

    Tula Region Showcases Agricultural Drones at ‘Future Technologies’ Forum: How UAVs Are Revolutionizing Farming

    Breaking Boundaries: Sakhalin Farmer Successfully Grows Watermelons in Russia’s Far North

    Breaking Boundaries: Sakhalin Farmer Successfully Grows Watermelons in Russia’s Far North

    Frost Wipes Out 95% of Kuban’s Blueberry Crop: A Cautionary Tale of Climate Risks

    Frost Wipes Out 95% of Kuban’s Blueberry Crop: A Cautionary Tale of Climate Risks

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Home storage

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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