WASHINGTON — The USDA’s Farm Storage Facility Loan (FSFL) program provides low-interest financing to producers to build or upgrade storage facilities and to purchase portable (new or used) structures, equipment and storage and handling trucks.
The program includes provisions for maple production.
The low-interest funds can be used to build or upgrade permanent facilities to store sap and syrup.
That also includes sap tanks, the agency says. New and used trucks, including refrigerated trucks are also eligible for lending under the program. Refrigeration and freezer units, packing equipment and pole barns are included too.
Loans up to $50,000 can be secured by a promissory note/security agreement and loans between $50,000 and $100,000 may require additional security. Loans exceeding $100,000 require additional security.
Producers do not need to demonstrate the lack of commercial credit availability to apply.
The loans are designed to assist a diverse range of farming operations, including small and mid-sized businesses, new farmers, operations supplying local food and farmers markets, non-traditional farm products, and underserved producers, the agency said.
Go to www.fsa.usda.gov/pricesupport or contact your local FSA county office.