Microloans are a simplified loan program that will provide up to $50,000 to eligible applicants.
These loans, targeted for smaller operations and non-traditional operations, can be used for operating expenses, starting a new agricultural enterprise, purchasing equipment, and other needs associated with a farming operation. The staff can provide more details on farm operating and microloans and provide loan applications. Loans to beginning farmers and members of underserved groups are a priority.
Other types of loans available include: Marketing Assistance Loans allow producers to use eligible commodities as loan collateral and obtain a 9-month loan while the crop is in storage.
These loans provide cash flow to the producer and allow them to market the crop when prices may be more advantageous. Farm Storage Facility Loans can be used to build permanent structures used to store eligible commodities, or for storage and handling trucks, or portable or permanent handling equipment. A variety of structures are eligible under this loan, including bunker silos, grain bins, hay storage structures and refrigerated structures for vegetables and fruit. A producer may borrow up to $500,000 per loan. Please call the your County FSA office if you have questions about any of the loans available through FSA.
In other news...
2019 reporting of fall seeded crops
All producers are reminded that the acreage reporting date for fall seeded crops has changed and the acreage reporting date is Dec. 15, 2018. This applies to all fall seeded crops including fall barley, fall wheat and all other fall-seeded small grains. Call to schedule an appointment to certify your wheat crop.
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FSA encourages farmers to vote in county committee elections: The 2018 Farm Service Agency county committee elections began on Nov. 5, when ballots were mailed to eligible voters. The deadline to return the ballots to local FSA offices is Dec. 3.
County committee members are an important component of the operations of FSA and provide a link between the agricultural community and USDA. Farmers elected to county committees help deliver FSA programs at the local level, applying their knowledge and judgment to make decisions on commodity price support programs; conservation programs; incentive indemnity and disaster programs for some commodities; emergency programs and eligibility. FSA committees operate within official regulations designed to carry out federal laws.
To be an eligible voter, farmers must participate or cooperate in an FSA program. A person who is not of legal voting age but supervises and conducts the farming operations of an entire farm, may also be eligible to vote.
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USDA market facilitation program: USDA’s Farm Service Agency (FSA) will administer MFP to provide payments to corn, cotton, dairy, hog, sorghum, soybean, wheat, shelled almond and fresh sweet cherry producers. The sign-up period for MFP runs through Jan. 15, with information and instructions provided at www.farmers.gov/mfp. Eligible producers should apply after harvest is complete, as payments will only be issued once production is reported. A payment will be issued on 50 percent of the producer’s total production, multiplied by the MFP rate for a specific commodity. A second payment period, if warranted, will be determined by the USDA. Call for an appointment.
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Dates to remember
Dec. 3 — Last day to return voted ballots in county committee election.
Dec. 15 — Deadline to report the fall seeded crops for fall barley, fall wheat and all other fall-seeded small grains.
Dec. 25 — Christmas Day holiday. FSA offices closed.