USDA Farm Service Agency Farm Storage Facility Loan Program
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Farm Storage Facility Loan Program
How it Works
FSFL is an excellent financing program for on-farm storage and handling for small and mid-sized farms, and for new farmers. Loan terms vary from three 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. In 2016 FSA introduced a new loan category, the microloan, for loans with an aggregate balance up to $50,000. Microloans offer a 5% down payment requirement, compared to a 15% down payment for a regular FSFL, and waive the regular 3-year production history requirement.
Funding Focuses On
Eligible commodities include:
- Corn, grain sorghum, rice, soybeans, oats, peanuts, wheat, barley, or minor oilseeds harvested as whole grain
- Corn, grain sorghum, wheat, oats, or barley harvested as other-than-whole grain
- Other grains (triticale, speltz, and buckwheat)
- Pulse crops
- Hay
- Honey
- Renewable biomass commodities
- Fruits and vegetables
- Floriculture
- Hops
- Maple sap
- Milk, cheese, butter, yogurt
- Eggs, meat/poultry (unprocessed)
- Rye
- Aquaculture (excluding systems that maintain live animals through uptake and discharge of water)
Additionally, the loan will also cover the equipment needed to wash, treat, and pack fruits and vegetables.
Funding Limit
Loans range from $50,000–$500,000. Loan terms vary 3 – 12 years.
Qualifications
An extensive and complete eligibility fact sheet may be found at: fsa.usda.gov/Internet/FSA_File/fsfl09.pdf
Financing Geographic Area
United States