Book Description

Farm Storage Facility Loan Program - Portable Storage Facilities and Reduced Down Payment for FSFL Microloans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) The Law Library presents the complete text of the Farm Storage Facility Loan Program - Portable Storage Facilities and Reduced Down Payment for FSFL Microloans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition). Updated as of May 29, 2018 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. This book contains: - The complete text of the Farm Storage Facility Loan Program - Portable Storage Facilities and Reduced Down Payment for FSFL Microloans (US Commodity Credit Corporation Regulation) (CCC) (2018 Edition) - A table of contents with the page number of each section