The Farm Service Agency’s (FSA) On-Farm Storage Facility Loan (FSFL) program provides low-interest financing to help you build or upgrade storage facilities and purchase structures, portable storage and handling equipment and trucks (new or used).
Eligible products include corn, sorghum, soybeans, oats, wheat, barley, minor oilseeds harvested as whole grains, legumes (lentils, chickpeas and dry peas), hay, honey, renewable biomass, fruits, nuts and vegetables for cold storage. , floriculture, hops, maple sap and syrup, rye, milk, cheese, butter, yogurt, meat and poultry (unprocessed), eggs and aquaculture (including excluding systems that keep animals alive through the absorption and discharge of water). Qualifying facilities include grain silos, hay barns and cold stores for qualifying commodities.
Loans up to $50,000 may be secured by a promissory note/collateral agreement, loans between $50,000 and $100,000 may require additional collateral, and loans above $100,000 require additional collateral.
You do not need to demonstrate lack of commercial credit availability to apply. The loans are designed to help a wide range of agricultural operations, including small and medium enterprises, new farmers, operations supplying local food and agricultural markets, non-traditional agricultural products and underserved producers.
For more information, contact your Livingston County USDA Service Center at 585-243-0030 or visit fsa.usda.gov/pricesupport.
