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Farm Storage Facility Loan Program

The Farm Storage Facility Loan Program (FSFL) provides low-interest financing so producers can build or upgrade facilities to store commodities. Eligible commodities include grains, oilseeds, peanuts, pulse crops, hay, honey, renewable biomass commodities, fruits and vegetables, floriculture, hops, maple sap, milk, cheese, yogurt, butter, eggs, meat/poultry (unprocessed), rye and aquaculture. Eligible facility types include grain bins, hay barns, bulk tanks, and facilities for cold storage. Drying and handling and storage equipment is also eligible, including storage and handling trucks. Eligible facilities and equipment may be new or used, permanently affixed or portable.

Since its inception in May 2000, more than 33,000 loans have been issued for on-farm storage, increasing storage capacity by 900 million bushels.

FSFL is an excellent financing program for on-farm storage and handling for small and mid-sized farms, and for new farmers. Loan terms vary from 3 to 12 years. The maximum loan amount for storage facilities is $500,000. The maximum loan amount for storage and handling trucks is $100,000. In 2016 FSA introduced a new loan category, the microloan, for loans with an aggregate balance up to $50,000. Microloans offer a 5 percent down payment requirement, compared to a 15 percent down payment for a regular FSFL, and waive the regular three-year production history requirement.

About the Program

Final Rule

7CFR 1436

The Farm Service Agency (FSA) administers the FSFL Program on behalf of the Commodity Credit Corporation (CCC). This rule amends the FSFL Program regulations to add eligibility for portable storage structures, portable equipment, and storage and handling trucks, and to reduce the down payment and documentation requirements for a new “microloan” category of FSFLs up to $50,000. These changes are intended to address the needs of smaller farms and specialty crop producers. This rule also includes technical and clarifying changes that are consistent with how the FSFL Program is already implemented, including specifying commodities that are already eligible for FSFLs but are not currently listed in the regulations, and changing the required life span of the storage facility from a minimum of 15 years to a minimum of the FSFL term, plus any extensions.

This rule is effective April 29, 2016.

Interest Rates

The October 2022 CCC lending rates are: FSFL Rates

  • 3.625 percent per annum for FSFL with 3-year loan terms;
  • 3.375 percent per annum for FSFL with 5-year loan terms;
  • 3.375 percent per annum for FSFL with 7-year loan terms;
  • 3.125 percent per annum for FSFL with 10-year loan terms;
  • 3.375 percent per annum for FSFL with 12-year loan terms;

Emergency Grain Storage Facility Assistance

About Available Assistance

FSA is providing $20 million in cost-share assistance to help agricultural producers in Kentucky, Minnesota, South Dakota and surrounding areas to rebuild storage facilities damaged by devastating natural disaster events in 2021 and 2022. This timely assistance will help ensure producers who were hard-hit by disasters and are currently struggling with a lack of available grain storage have the resources they need as they head into the 2022 crop harvest. 

Emergency Grain Storage Facility Assistance News Release (09-26-22)

Eligible Impact Areas

To determine locations where producers may be eligible for emergency grain storage facility assistance, see below link for state impact area maps for Kentucky, Minnesota, South Dakota and surrounding areas.  These maps depict damaged storage facility locations and counties within a 30-mile radius of these facilities where assistance may be needed. 

Impact Area Maps

Through proactive communications and outreach, USDA will keep producers and stakeholders informed as program eligibility, application and implementation details are made available in the coming weeks.  

Additional Recovery Assistance