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FSA offering loans for grain storage
Farm Service Agency is offering low-interest loans to grain producers to build new or upgrade existing storage facilities and permanent drying and handling equipment.
Loan opportunities include, but are not limited to new conventional-type cribs or bins, oxygen-limiting and other upright silo-type structures, and flat-type storage structures designed for whole grain storage, perforated floors, safety equipment, quality improvement equipment, electrical equipment and concrete components considered essential for a fully functional storage facility, remodeling existing storage facilities to increase storage capacity.
Farm storage facility loans must be approved prior to site preparation, equipment purchase or construction, and must be secured by a promissory note and security agreement. The new maximum principal loan amount is $500,000.
Participants are required to provide a down payment of 15 percent, with CCC providing a loan for the remaining 85 percent of the net cost of the eligible storage facility and permanent drying and handling equipment.
Additional security is required for poured-cement open-bunker silos, renewable biomass facilities, cold storage facilities, hay barns and for all loans exceeding $50,000.
For more information, contact the FSA Office on Breighton Blvd. in Shelbyville.
Monty’s Plant Food Company, a Louisville-based manufacturer of plant and soil-enhancement products for the agriculture, industry, is accepting applications for five, $1,000 college scholarships to be made in conjunction with the National FFA.
To be eligible students must live on a family farm, plan to pursue post-secondary education and study agronomy and crop science, sustainable agriculture, soil science or soil conservation, have a minimum high school grade-point average of 3.25 and have participated in community service.
Applications are available at www.ffa.org/scholarships. The deadline to apply is Feb. 1, and scholarships will be awarded in May.
Burley council meeting
The Council for Burley Tobacco will hold its annual meeting on Jan. 17 during the Agriculture Industry Trade Show at the Lexington Convention Center. The meeting will take place at 2:30 pm in Heritage Hall Elkhorn Room B.
The Council for Burley Tobacco was restructured in 2013 to allow membership to all burley tobacco producers. Today, the organization represents the interests of the burley tobacco grower in all aspects of the industry.
To register visit www.councilforburleytobacco.com.
The Kentucky Ag Report is compiled weekly from news releases distributed by Keeton Communications, the Kentucky Press News Service.