Ohio Farmers Union

Serving Family Farmers and Consumers Since 1934



United to Grow Family Agriculture Since 1934

  • About
    • The Farmers Union Triangle
    • Vision
    • OFU Leadership
  • Issues
    • 2020 Virtual Lobby Days
    • OFU Policy & NFU Policy
    • 2019 Lobby Day Registration
    • Get Involved!
    • NFU Climate Leaders
  • Education
    • 2019 OFU Essay Contest
    • Ohio Farmers Union Scholarships
    • Farm Safety
    • Renewable Energy Curriculum
  • Insurance
    • Hastings Mutual Insurance Co.
    • Health & Other Offerings
    • Ohio BWC Group Coverage
  • Join Us
    • Online Sign-Up
    • Member Benefits
    • Insurance
  • Blog
  • Events

Specialy Crop Farmers Get New Opportunities with Expanded Farm Storage and Facility Loan Program

March 28, 2014 By Ron Sylvester Leave a Comment

As part of a broader range of changes to USDA FSA Farm Loan Programs, the U.S. Dept. of Agriculture has announced a major expansion in the Farm Storage and Facility program.

Storage and facility loans provide low interest financing to farmers who are wish to upgrade or expand their operations. The changes to this particular loan program include 23 new categories of eligible equipment for fruit and vegetable producers. Notably, Farm Storage and Facility loan security requirements have been eased for loans between $50,000 and $100,000.

*DOWNLOAD USDA FACT SHEET ON LOAN PROGRAM CHANGES HERE*

Previously, all loans in excess of $50,000 required a promissory note and additional security, such as a lien on real estate. Now loans up to $100,000 can be secured by only a promissory note.

USDA suggests small and mid-sized farmers check out this page for more information about specific tools and resources available to them.

For more specific information about FSA programs including the Farm Storage Facility Loan Program, visit your FSA county or regional office. You can also find FSA online.

Share this:

  • Twitter
  • Facebook

Filed Under: Blog, Uncategorized Tagged With: Farm Storage and Facility Loan, FSA, USDA

Leave a Reply Cancel reply

  • Email
  • Facebook
  • RSS
  • YouTube

Latest News from the Ohio & National Farmers Union

2022 OFU Special Orders

Annual Policy Priorities For the eighty-eighth year, the Ohio Farmers Union has established the organization's public policy priorities at the … Read More

Ohio County Fair Schedule 2022

It's looking great for the first full, uninterrupted Ohio fair season since the beginning of the pandemic. Of special note, the Ohio State Fair will … Read More

Rural Broadband Gets Win in Ohio Budget

State Senators Matt Huffman, R-Lima, and Matt Dolan, R-Chagrin Falls, tried to kill $90 million for rural broadband expansion, yet the Ohio … Read More

State Legislators Listen – Rural Broadband Back in Ohio Two-Year Budget

In a pleasant surprise for rural Ohio, the biennial budget was agreed to Monday with Gov. Mike DeWine's full $250 million funding request for rural … Read More

Check Out the Entire Blog

NATIONAL FARMERS UNION

Click to Take Action



Contact

Ohio Farmers Union
P.O. Box 363
1011 N. Defiance Street
Ottawa, Ohio 45875
Phone: (419) 523-5300
Toll Free: (800) 321-3671

Copyright Ohio Farmers Union© 2023 | Site by: RCS Communications