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Farm Storage Facility Loan Program

Open Date:

Continuous

Close Date:

Continuous

Eligible Recipients:

  • Private Sector

Program Purpose:

Agriculture

Reserved for Energy
Communities?

No

Upcoming Milestones:

Upcoming Meetings & Events by state can be found here: https://www.fsa.usda.gov/news-room/meetings-events/index

Funded by:

U.S. Department of Agriculture

Overview

What does this program do?
The Farm Storage Facility Loan Program (FSFL) provides low-interest financing so producers can build or upgrade facilities to store commodities. Eligible commodities include grains, oilseeds, peanuts, pulse crops, hay, honey, renewable biomass commodities, fruits and vegetables, floriculture, hops, maple sap, milk, cheese, yogurt, butter, eggs, meat/poultry (unprocessed), rye and aquaculture. Eligible facility types include grain bins, hay barns, bulk tanks, and facilities for cold storage. Drying and handling and storage equipment is also eligible, including storage and handling trucks. Eligible facilities and equipment may be new or used, permanently affixed or portable.

Who may apply for this program?

  • All nationwide U.S. Producers that produce eligible commodities.
  • Eligible borrowers must be able to show repayment ability and meet other requirements to qualify for the loan.

Are there other requirements?

  • Producers must demonstrate storage needs based on three years of production history.
  • Loans must be approved by the local FSA state or county committee before any site preparation and/or construction can be started.
  • All loans are subject to environmental evaluation.

What are the rates and terms?

  • Loan terms vary from 3 to 12 years.
  • The maximum loan amount for storage facilities is $500,000.
  • The maximum loan amount for storage and handling trucks is $100,000.

FSA also provides a microloan option that, while available to all eligible farmers and ranchers, also should be of particular interest to new or small producers where there is a need for financing option for loans up to $50,000 at a lower down payment with reduced documentation.

Funding Details

Funding Source:
Funding Type:
Loan
Total Amount Available:
$500,000
Limit per Applicant:
$500,000
Estimated Awards:
Not stated

Applicant Guidance

Contact Information

Contact your Local FSA Service Center, at: https://farmers.gov/working-with-us/service-center-locator.

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