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Farm Storage Facility Loan (FSFL) Program; Portable Storage Facilities and Reduced Down Payment for FSFL Microloans

marketing-order · Commodity Credit Corporation · Rule · Published 2016-04-29 · Effective 2016-04-29 · 81 FR 25587

Document

Document number
2016-09949
Federal Register citation
81 FR 25587
CFR reference
7 CFR 1436
Type
Rule
Action
Final rule.
Category
marketing-order
Sub-agency
Commodity Credit Corporation
Publication date
2016-04-29
Effective date
2016-04-29

Abstract

The Farm Service Agency (FSA) administers the FSFL Program on behalf of the Commodity Credit Corporation (CCC). This rule amends the FSFL Program regulations to add eligibility for portable storage structures, portable equipment, and storage and handling trucks, and to reduce the down payment and documentation requirements for a new "microloan" category of FSFLs up to $50,000. These changes are intended to address the needs of smaller farms and specialty crop producers. This rule also includes technical and clarifying changes that are consistent with how the FSFL Program is already implemented, including specifying commodities that are already eligible for FSFLs but are not currently listed in the regulations, and changing the required life span of the storage facility from a minimum of 15 years to a minimum of the FSFL term, plus any extensions.

Source

Authoritative
Federal Register document
Machine
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