End Rows for May 20, 2014

Tuesday, May 20, 2014

USDA enhances Farm Storage Facility Loan program

USDA has expanded the Farm Storage and Facility Loan program to include 22 new categories of eligible equipment for fruit and vegetable producers.

Producers with small and mid-sized operations, and specialty crop fruit and vegetable growers, now have access to needed capital for a variety of supplies including sorting bins, wash stations and other food safety-related equipment.

A new more flexible alternative is also provided for determining storage needs for fruit and vegetable producers, and waivers are available on a case-by-case basis for disaster assistance or insurance coverage if available products are not relevant or feasible for a particular producer.

Additionally, Farm Storage Facility Loan security requirements have been eased for loans up to $100,000. Previously, all loans in excess of $50,000 and any loan with little resale value required a promissory note/security agreement and additional security, such as a lien on real estate.

Now loans up to $50,000 can be secured by only a promissory note/security agreement and some loans between $50,000 and $100,000 will no longer require additional security.

The low-interest funds can be used to build or upgrade permanent facilities to store commodities.

Eligible commodities include grains, oilseeds, peanuts, pulse crops, hay, honey, renewable biomass commodities, fruits and vegetables.

Qualified facilities include grain bins, hay barns and cold storage facilities for fruits and vegetables.

Interest rates for Farm Storage Facility Loans approved in May are:

-- 2.25 percent for a 7-year loan

-- 2.75 percent for a 10-year loan

-- 2.875 percent for a 12-year loan

Contact your local FSA office or visit www.fsa.usda.gov for more about FSA programs and loans, including the Farm Storage Facility Loan Program.

Livestock Disaster Assitance

The Livestock Forage Disaster Program (LFP) provides compensation to eligible livestock producers who have suffered grazing losses due to drought.

Eligibility is based on the severity of the drought as rated by the U.S Drought Monitor and your livestock inventory 60 days prior to that rating.

In Saline County, for 2012 you will need your beginning livestock inventory as of mid-May, 2012.

For 2013, you will need your beginning livestock inventory as of mid-July, 2013.

When you have your inventory count, call the FSA office for an appointment.

Reporting planted acres

Acreage reports are still required for marketing assistance loans, CRP, and the new programs, Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC).

After all of your crops are planted, call the FSA office for an appointment to file your report. The reporting deadline is July 15, 2014

Primary nesting season and CRP

The primary nesting season for Missouri is May 1 through July 15.

During this time, no maintenance shall occur on CRP acreage including mowing, spraying, burning and disking.

Final availability date for 2013 Crop Year Commodity loans

The final day to apply for a commodity grain loan on 2013 corn and soybeans May 31.

Holiday hours

USDA Service Centers will be closed Monday, May 26, for the Memorial Day holiday.

The office will be open for business during regular hours on Tuesday, May 27.

Have a safe and happy holiday.