Farm Storage Facility Loans (FSFL)
Type: Direct loans
Max award: $500,000
Big idea: Farm Storage Facility Loans finance the purchase, construction, or refurbishment of farm storage facilities. This program finances new cold storage buildings, which can be particularly important to those growing fruits and vegetables for the fresh market.
Who can apply: A landowner, leaseholder, tenant or sharecropper that produces eligible commodities, including fresh fruits and vegetables
Possibilities: Farm Storage Facility Loans can be used to finance:
- New cold storage buildings, including prefabricated buildings, suitable for storing fruits and vegetables and having a useful life of at least 15 years; also may include permanently affixed cooling, circulating, and monitoring equipment;
- New concrete foundations, aprons, pits, and pads, including site preparation, labor and material;
- New structures suitable for storing hay;
- New conventional cribs or bins designed for whole grain storage.
Real Example: Robert Hayton grows blackberries, strawberries, blueberries, raspberries, cucumbers and potatoes in western Washington. Prior to receiving a Farm Storage Facility Loan from FSA, he had to pay for off-site cold storage in order to meet supermarket requirements for product to be cooled immediately after harvest. Now he owns a 90' x 160' refrigerated facility that keeps his transportation costs to a minimum and maximizes his product quality.