New Loans for Portable Farm Storage

Friday, May 6, 2016

 

The US Department of Agriculture will provide a new financing option to help farmers purchase portable storage and handling equipment. Officials announced changes to the Farm Storage Facility Loan. The loans, which now include a smaller microloan option with lower down payments, are designed to help producers, including new, small and mid-sized producers, grow their businesses and markets. The program also offers a new “microloan” option. Officials add, the announcement will further advance the efforts of USDA’s Know Your Farmer, Know Your Food initiative, which coordinates the Department's work to develop local and regional food systems.

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