A decision tool has been created and can be found at. Signup is voluntary unless you locked in coverage at the initial signup. Signup for the 2023 Dairy Margin Coverage Program began October 17 and runs through December 9. The loans are designed to assist a diverse range of farming operations, including new farmers, operations supplying local food and farmers markets, non-traditional farm products, and underserved producers. You do not need to demonstrate the lack of commercial credit availability to apply. Loans up to $50,000 can be secured by a promissory note/security agreement, loans between $50,000 and $100,000 may require additional security, and loans exceeding $100,000 require additional security. Qualified facilities include grain bins, hay barns and cold storage facilities for eligible commodities. The Farm Service Agency’s (FSA) Farm Storage Facility Loan (FSFL) program provides low-interest financing to help you build or upgrade storage facilities and to purchase portable (new or used) structures, equipment and storage and handling trucks.Įligible commodities include corn, grain sorghum, rice, soybeans, oats, peanuts, wheat, barley, minor oilseeds harvested as whole grain, pulse crops (lentils, chickpeas and dry peas), hay, honey, renewable biomass, fruits, nuts and vegetables for cold storage facilities, floriculture, hops, maple sap, rye, milk, cheese, butter, yogurt, meat and poultry (unprocessed), eggs, and aquaculture (excluding systems that maintain live animals through uptake and discharge of water). November 2022 Farm-Stored Facility Loan Rates If you would like to visit with the loan officer, please call or stop in. The USDA/FSA Farm Loan team will have a Loan Officer in our office every Tuesday during normal business hours (8-4:30). December 5: Last day to return COC ballotsĭecember 9: Dairy Margin Coverage Programĭecember 15: Crop Reporting for Fall-Seeded Small Grains
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