USDA Update

PROMO 660 x 440 Agriculture USDA Service Center Update
Published Friday, November 10, 2017
by Eads USDA Service Center Staff

IMPORTANT DATES TO REMEMBER:

CRP Contract Management - Contact FSA or NRCS with questions.  Producers have been notified of required completion dates.

County Committee Meeting - TBA

October 1st - November 30th - Fiscal Year 2018 First CRP grazing period - Contract Management.  FSA and NRCS approval required

November 12th -  Last date to remove hay bales from CRP (FSA prior approval required)

December 1, 2017 -  2018 Non-insurable Crop Assistance Program (NAP)  application closing date for Alfalfa, Grass, Mixed Forage

NOW!! - File form CCC-633 EZ page 1 with FSA before losing beneficial interest to maintain Loan Deficiency Payment (LDP) eligibility.  (To request payments, producers need to submit page 2 of the CCC-633EZ)

FARM LOAN Personnel in Kiowa County Service Center - December 12th

CRP Continuous Signup - CRP Grassland acres are available.  Producers interested are urged to contact FSA Office. 

Disclaimer:  Information in this UPDATE is pertinent to Kiowa County FSA only.  Producers reading this and that do not have FSA interest in Kiowa County are advised to contact their local FSA Office.


FARM STORAGE FACILITY LOANS

With fall harvest winding down for the year and some producers scrambling for grain storage, FSA can assist producers with a Farm Storage Facility loan.  The first step is determining a 'need for storage', FSA completes this step based on previous three years average of producer's share of acres.  FSA then subtracts any existing storage that is owned by the applicant.      There will need to be an Environmental Assessment determination made on the site.  Producer's interested can get a bid from a contractor for the bin site, but no construction can begin until the loan is approved.

Producer's will need to complete a CCC-185, 'FSFL application' and submit a non-refundable $100 application fee.  Producer's will also need to submit financial information to determine ability to repay the loan to a Farm Loan Manager. 

The following are the terms for farm storage facility loans:

  • A 15 percent cash down payment is required; thus, CCC's loan is limited to 85 percent of the net cost of the eligible storage facility and permanent drying and handling equipment (subject to the applicant's storage needs test). The down payment cannot include any trade-in, discount, rebate, deferred payment or post-dated check.
  • Loan terms available are seven (7) years, ten (10) years or twelve (12) years depending on the amount of the loan.
  • Interest rate is fixed for the loan term based on the rate in effect during the month the loan is initially approved. The interest rate is equivalent to the rate of interest charged on Treasury Securities of comparable term and maturity.
  • Loans are to be repaid in equal amortized installments.
  • Loan will not be disbursed until the facility has been erected and inspected with the exception of one (1) qualifying partial disbursement.

Producers interested can obtain a Fact Sheet on the following website

https://www.fsa.usda.gov/Internet/FSA_File/frm_storage_facility

As always, producers with questions can call the FSA office for more information. 

Kiowa County FSA Committee

  • Destiny Haase -  LAA 2 - Central area - Committee Chairperson
  • Sean Harkness - LAA 1 - East area - Committee Vice-Chairperson
  • Michael Zimmerman - LAA3 - West area - Committee Regular Member

USDA SERVICE CENTER CONTACT INFORMATION

Telephone 719-438-5851 FSA (Ext 2), NRCS (Ext 3). FSA Fax number: fax2mail 844-332-7501

E-mail individuals firstname.lastname@co.usda.gov (Example firstname.lastname@co.usda.gov, dawna.weirich, charla.ferris, hallie.barlow, marvin.watson, marlin.miller

KIOWA COUNTY FARM LOAN CONTACT INFO - CALL FOR AN APPOINTMENT

Telephone 719-336-3437 (ext2) Mary Rhoades, mary.rhoades@co.usda.gov

SERVICE CENTER OFFICE HOURS: 

Monday through Friday - 8:00 a.m. to 4:30 p.m.  Friday, by appointment only.

FSA INFORMATION

For information on programs visit our website located at www.fsa.usda.gov or like us on Facebook, or follow us on Twitter.