For growers looking to expand their operation, the FSA is offering Farm Storage Facility Loans. Tanya Dostal with Washington’s FSA said the loans are available for individual and have a $500,000 limit.
“It has to be used for the producer’s storage of their own commodity. So, the producer needs to grow and raise the commodity and then the storage facility loan used to store that commodity that he grows or raises.”
Dostal added those that apply for the Farm Storage Facility Loan will need to continue environmental reviews, have construction plans as well as needed permit. She added that producers can help themselves and the FSA by knowing the complete cost of the project before applying.
“Some producers want to do the construction themselves and in those situations having a really good understanding of all of the costs involved in the entire project, having a complete set of specs and drawings out there and having the cost estimates like any building project you’re going to run into cost overruns and that can compose a challenge financially.”
The Loans are available year-round. To learn more or to apply, contact your local FSA office.
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