USDA Enhances Farm Storage Facility Loan Program

March, 2014 - The U.S. Department of Agriculture (USDA) announced the expansion of the Farm Storage and Facility Loan program, which provides low-interest financing to producers. The enhanced program includes 23 new categories of eligible equipment for fruit and vegetable producers, and makes it easier for farmers and ranchers around the country to finance the equipment they need to grow and expand.  This is part of a broader effort to help small and mid-sized farmers and ranchers, as announced today by Agriculture  Secretary Tom Vilsack.

 Producers with small and mid-sized operations, and specialty crop fruit and vegetable growers, now have access to needed capital for a variety of supplies including sorting bins, wash stations and other food safety-related equipment. A new more flexible alternative is also provided for determining storage needs for fruit and vegetable producers, and waivers are available on a case-by-case basis for disaster assistance or insurance coverage if available products are not relevant or feasible for a particular producer.  Full article