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USDA MAKES LOANS AVAILABLE FOR ON FARM STORAGE
Apr. 17, 2017
BrownfieldAgNews reports:
Producers can get low interest government loans to build, upgrade or buy commodity storage facilities. Farm Service Agency loans up to $50,000 can be secured by a promissory note, additional security is needed for loans of $50,000 to $100,000.
Interest rates for the loans this month range from 1.625 percent to 2.5 percent.
Producers do not need to demonstrate a lack of commercial credit to apply. There's more information at local Farm Service Agency offices and online here.
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