| OCR Text |
Show Farm Storage Loans 'Funds are available for producers to buy, build, or remodel on farm storage structures and to get the drying and handling equipment equip-ment they need,' Ross Mar-shall,Chairperson Mar-shall,Chairperson of Beaver County ASC committee, said. The farm facility loan program authorizes ASCS to loan eligible producers up to $50,000 to build additional facilities or to expand such structures as steel bins, wooden granaries, and wet storage facilities. Loans are also available for solar grain drying systems and high moisture forage and silage storage space. "The program is important impor-tant to farmers because the ability to hold on to grain may prove the difference be -tween profit and loss. If prices are low, farmers can put . their grain in reserve and collect storage payments for storing the grain on their own farms. The ASCS official said farmers who have adequate on farm storage have greater great-er crop handling and marketing mar-keting flexibility at harvest time. In years of overabundance over-abundance producers can store their crops in good condition until prices rise. To be eligible for a farm facility loan, a farmer must grow one or more crops of barley , corn, dry edible beans, flaxseed, grain sorghum, sor-ghum, oats, peanuts, rice, rye, soybeans, sunflower seed, wheat and higbmois-ture higbmois-ture forage (silage). For more details, contact the local ASCS office. |
