USDA boosts funding for grain storage program
On the day the application period closes for a USDA emergency grain storage program the agency says more money is available for producers.
The USDA’s Farm Service Agency says the initial $20 million allocated for the Emergency Grain Storage Facility Assistance Program is not enough to meet the demand. And instead, $80 million will be awarded to eligible producers across 8 states.
Payments for the program cover 75 or 90% of eligible expenses associated with building grain storage capacity or purchasing equipment.
Producers in Kentucky, Minnesota, Illinois, Indiana, Iowa, Missouri, North Dakota and South Dakota and Tennessee that lost grain storage due to derechos, flooding, winter storms and more are eligible for the funding. The deadline to apply is today and producers should contact their local FSA office for more information.