Ask FSA Andy about loans for cold storage facilities

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Hello again!
Well, my family vacation to Florida was both educational and memorable. If I would have known that every restaurant and theme park took your photo prior to entry I think I would have gone and had a makeover prior to going on vacation.

Those little memories on paper were then of course marketed to us. I also marveled the concept of having a toll road to the airport……

I can honestly say we did have a great time and will always remember Dad, taking a left turn across three lanes on the interstate to hit an exit ramp…and daughter dearest taking us to the hotel ten different ways!!

Now that we have returned from 80 degrees temperatures to our Ohio climate it makes me remember some of the cold options farmers may take advantage of. The Farm Storage Facility Loan program has been amended to allow producers to build cold storage facilities to store their fresh fruits and vegetables.

To be eligible, cold storage facilities must have a useful life of 15 years and include: New structures suitable for a cold storage facility; New walk-in prefabricated permanently installed coolers suitable for storing fresh fruits and vegetables; New permanently affixed cooling, circulating and monitoring equipment; Electrical equipment integral to the proper operation of a cold storage facility; and must be An addition or modification to an existing storage facility.

USDA will not make cold storage facility loans for portable structures, portable handling and cooling equipment, used, or pre-owned structures or cooling equipment or structures deemed unsuitable.

The maximum loan amount for a Farm Storage Facility loan is $500,000 per loan, which requires a down payment of at least 15 percent. Applications must be approved before construction can begin. Loan terms of 7, 10 or 12 years are available depending on the amount of the loan.

With just a few days till Christmas, may I take a few lines to say there is no nicer place to celebrate Christmas than Ohio….we have lights, trees, music, and hopefully snow flurries!

I wish each of you a very Merry Christmas!

That’s all for now,
FSA Andy
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About the Author

Kristy Foster Seachrist lives in Columbiana County raising sheep and horses. She earned her degree from Youngstown State University and has worked in both print and broadcast journalism. You can follow her on Twitter at http://twitter.com/fosterk96. More Stories by Kristy Foster Seachrist

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