Farm Service agency's Farm Storage Facility Loan Program Providing Funding for On-Farm Liquefied Petroleum Tanks
Tuesday, September 22nd, 2020 -- 8:03 AM
(Wisconsin Ag Connection) -With many Wisconsin farmers facing propane storage shortages in recent years, the Farm Service Agency's Farm Storage Facility Loan program is providing funding for on-farm liquefied petroleum tanks.State FSA Director Sandy Chalmers says FSFL low-interest financing can be used to build or upgrade storage facilities and to purchase portable structures, equipment, storage and handling trucks. Liquefied petroleum tanks are covered for eligible commodities for the use of fuel for grain dryer equipment. "Loans up to $50,000 can be secured by a promissory note/security agreement, while loans exceeding $100,000 require additional security," Chalmers said. "You do not need to demonstrate the lack of commercial credit availability to apply. The loans are designed to assist a diverse range of farming operations, including conventional operations, small and mid-sized businesses, new farmers, operations supplying local food and farmers markets, non-traditional farm products, and under served producers."
To learn more about FSFLs and how these loans can help with your on-site propane tank storage needs, contact your local USDA Service Center or visit fsa.usda.gov.
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