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Loans available for handling equipment, portable storage

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

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

    Nectarine Market Surge: How Rising Demand and Seasonal Shifts Are Shaping the 2024 Season

    Nectarine Market Surge: How Rising Demand and Seasonal Shifts Are Shaping the 2024 Season

    Bodensee Cherries 2025: High-Quality Protected Cultivation Sets the Standard for Sustainable Fruit Production

    Bodensee Cherries 2025: High-Quality Protected Cultivation Sets the Standard for Sustainable Fruit Production

    Early Cherry Harvest in Lower Saxony: High Quality but Lower Yields – What Farmers Need to Know

    Early Cherry Harvest in Lower Saxony: High Quality but Lower Yields – What Farmers Need to Know

    How Makro Spain Prevented 1,700 Tons of Food Waste in Just Over a Year – A Model for Agricultural Sustainability

    How Makro Spain Prevented 1,700 Tons of Food Waste in Just Over a Year – A Model for Agricultural Sustainability

    Peruvian Asparagus in Europe: Seizing the Seasonal Window for Export Growth

    Peruvian Asparagus in Europe: Seizing the Seasonal Window for Export Growth

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    Price Volatility in Vegetable Markets: Analyzing Trends in Muhana Mandi and Their Impact on Farmers

    Price Volatility in Vegetable Markets: Analyzing Trends in Muhana Mandi and Their Impact on Farmers

    Revolutionizing Onion Farming: How New Cold Storage in Pampanga is Reducing Losses and Boosting Profits

    Revolutionizing Onion Farming: How New Cold Storage in Pampanga is Reducing Losses and Boosting Profits

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    • digital (smart)
    • dron
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    Digital Twins in Agriculture: How Virtual Farm Modeling Boosts Efficiency and Sustainability

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

    Innovative Cherry Farming in Vorarlberg: High Yields, Smart Techniques, and Sustainable Practices

    Innovative Cherry Farming in Vorarlberg: High Yields, Smart Techniques, and Sustainable Practices

    Unseasonal Rains Wreak Havoc on Gujarat’s Onion Crop: Price Surge and Farmer Distress Loom

    Unseasonal Rains Wreak Havoc on Gujarat’s Onion Crop: Price Surge and Farmer Distress Loom

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    Boosting Farm Efficiency: How Lean Technologies Are Transforming Agriculture in Altai

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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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