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Modification of the farm storage facility program
United States
Thursday 18 March 2010
NAD
With this program, producers can expand market opportunities and build new capacity
Agriculture Secretary Tom Vilsack said on March 17th, that the Farm Storage Facility Loan program has been amended to allow producers to build cold storage facilities to store their fresh fruits and vegetables.
This program is part of USDA's 'Know Your Farmer, Know Your Food' initiative and uses discretionary authority provided by the 2008 Farm Bill authorizing the eligibility of cold storage facilities for fruits and vegetables.
"On-farm storage may cost a lot to build, but it can help farmers to maximize profits. USDA's program will help these producers to finance the purchase, construction, or refurbishment of these important farm storage facilities."
"Expand the Farm Storage Facility Loan program will provide our nation's fruit and vegetable producers with new storage and marketing opportunities," Vilsack said.
To be eligible, cold storage facilities must have a useful life of 15 years and include:
- New structures suitable for a cold storage facility;
- New walk-in prefabricated permanently installed coolers suitable for storing fresh fruits and vegetables;
All Farm Storage Facility Loans must be approved before construction can begin.
For more information on this program or other FSA farm programs please contact your local FSA county office or
Source : USDA
