Farmers interested in purchasing a liquefied petroleum tank to aid with grain drying during the winter months have access to low-interest financing through the Farm Service Agency.
The Farm Storage Facility Loan (FSFL) Program provides low-interest financing to farmers interested in upgrading storage facilities for their grain. Petroleum tanks are covered through the program for eligible commodities, which include grains.
Producers can receive a loan up to $50,000, secured by a promissory note/security agreement, and a loan up to $100,000 with required additional security. Producers do not need to demonstrate the lack of commercial credit availability to apply.
The FSFL program is designed to assist a diverse range of operations, so farmers of all backgrounds are encouraged to apply. Contact your local FSA county office to learn how these loans can help with your on-site propane tank storage needs.