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Wednesday, Oct. 1, 2014

End Rows for Dec. 20

Tuesday, December 20, 2011

Supplemental

revenue assistance program (SURE)

The sign-up for 2010 losses started on Nov. 14, 2011 and runs through June 1, 2012.

The Supplemental Revenue Assistance Program (SURE) provides benefits for farm revenue losses due to natural disasters that incurred in the crop year 2010.

If you had an overall revenue loss in 2010, and at least a 10 percent loss on a crop of economic significance, contact the FSA office.

We will run the numbers for your operation to see if a pa

Farm storage

facility loan

program

The Farm Storage Facility Loan (FSFL) program allows producers of eligible commodities to obtain low-interest financing to build or upgrade farm storage and handling facilities.

The maximum principal amount of a loan through FSFL is $500,000.

Participants are required to provide a minimum down payment of 15 percent, with CCC providing a loan for the remaining 85 percent of the net cost of the eligible storage facility and permanent drying and handling equipment.

If a participant provides 20% or greater down payment, then the requirement for a severance agreement for loans under $50,000 will be waived.

Loan terms of 7, 10 or 12 years are available depending on the amount of the loan.

Interest rates for each term rate may be different and are based on the rate which CCC borrows from the Treasury Department.

For loans approved in December 2011, the interest rates are as follows:

--7 year1.500%
--10 year2.125%
--12 year2.375%

Applications for FSFL must be submitted to the FSA county office that maintains the farm's records.

An FSFL must be approved before any site preparation or construction can begin.

The following commodities are eligible for farm storage facility loans:

--Corn, grain sorghum, rice, soybeans, oats, peanuts, wheat, barley or minor oilseeds harvested as whole grain

--Corn, grain sorghum, wheat, oats or barley harvested as other-than-whole grain

--Pulse crops - lentils, small chickpeas and dry peas

--Hay

--Renewable biomass

--Fruits (including nuts) and vegetables - cold storage facilities

--Honey

For more information about FSFL, please visit your FSA county office or www.fsa.usda.gov.

NAP application sales closing date

December 31 is the NAP application sales closing date for potatoes.

Holiday hours

USDA Service Centers will be closed Monday, December 26, 2011 for the Christmas Holiday.

We will be open Tuesday, December 27, 2011 at our regular hours 7:45 am to 4:30 pm.

We wish every a safe and Merry Christmas.

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