USDA Offers New Loans for Portable Farm Storage and Handling Equipment
Portable Equipment Can Help Producers, including Small-Scale and Local Farmers, Get Products to Market Quickly
U.S. Department of Agriculture (USDA) will provide a new financing option to help farmers purchase portable storage and handling equipment. 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.
"As more communities reconnect with agriculture, consumer demand is increasing for food produced locally or regionally," said Dolcini. "Portable handling and storage equipment is vital to helping farmers get their products to market more quickly and better maintain product quality, bringing them greater returns. That's why we've added this type of equipment as a new category for our Farm Storage Facility Loan program."
Learn more about these changes to the Farm Storage Facility Loan. Producers do not need to demonstrate the lack of commercial credit availability to apply.
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