For years farmers in many states have been able to receive great interest rates for farm storage facilities on their farms through their Farm Service Agency. This program has helped around 33,000 farmers of small to medium size as well as many new farmers increase their storage capacity for storing grain and hay on their farm. They have extended this program for 2019-2020, and we have had several customers already take advantage of it.
This is a great opportunity for farmers who would like to update their silage equipment this year!
Here is the information directly from the USDA/FSA website regarding this matter:
“The Farm Storage Facility Loan Program (FSFL) provides low-interest financing so producers can build or upgrade facilities to store commodities. Eligible commodities include grains, oilseeds, peanuts, pulse crops, hay, honey, renewable biomass commodities, fruits and vegetables, floriculture, hops, maple sap, milk, cheese, yogurt, butter, eggs, meat/poultry (unprocessed), rye and aquaculture. Eligible facility types include grain bins, hay barns, bulk tanks, and facilities for cold storage. Drying and handling and storage equipment is also eligible, including storage and handling trucks. Eligible facilities and equipment may be new or used, permanently affixed or portable.
Since its inception in May 2000, more than 33,000 loans have been issued for on-farm storage, increasing storage capacity by 900 million bushels.
FSFL is an excellent financing program for on-farm storage and handling for small and mid-sized farms, and for new farmers. Loan terms vary from 3 to 12 years. The maximum loan amount for storage facilities is $500,000. The maximum loan amount for storage and handling trucks is $100,000. In 2016 FSA introduced a new loan category, the microloan, for loans with an aggregate balance up to $50,000. Microloans offer a 5 percent down payment requirement, compared to a 15 percent down payment for a regular FSFL, and waive the regular three-year production history requirement.”
Current interest rates starting May 2019 are as follows:
If this sounds like a good program for you, take a peek at some of the available balers and wrappers we offer below and get a taste of which one might be right for your operation. We should note that grain baggers also fall under this storage loan program, and you can read more about the grain bagging side of it in our earlier blog: Grain Bagging: FSA Loan Can Help!
In Line Wrappers
Tubeline balewrappers have been trusted in the industry as reliable, feature loaded wrappers.
The NEW for 2019 TL60 Wrapper features a soft start and will wrap both round and square bales.
The NEW for 2019 TL50 Wrapper features a soft start and will wrap round bales.
The TL5000 model will wrap round bales up to 5’6”
The TL5500 model will wrap round bales up to 5’6” as well as square bales up to 3’x3’x5’6”
The TL6000 model will wrap round bales up to 6' and square bales up to 3'x3'x6'.
The TL6500 model will wrap round bales up to 6’, single square bales 4’x4’x6’ and 3’x3’x7’ OR double stacked square bales up to 3’x4’x6’.
Tubeline also offers ECV balewrappers which build upon the proven success of the AX2 wrappers, but has digital control and easy to use presets and bale counters, custom operators love these machines.
The McHale V660 Baler is a 15 knife chopper variable chamber round baler, you can make bales anywhere from 2ft 4 inches to 5ft 6inches. It makes bales of custom operator quality that are unsurpassed in silage quality. Read more about why your cows want chopped hay here.
Baler/Wrapper Combination Machines.
Mchale Fusion Vario
The McHale Vario can make bales of haylage/silage of 3ft 3 inches to 4ft 8 inches and bales of hay and straw from 2ft to 5ft 6inches. It bales and wraps all in one machine.
McHale Fusion 3+
McHale Fusion 3+ this combination machine will bale and wrap 4x4 bales The McHale Fusion 3 Plus integrated baler wrapper uses Film on Film technology to apply film to the barrel of the bale in the bale chamber. Film on Film technology has been proved to increase the feed value of your bales by replacing net wrap with another layer of special film that binds the bale together forming a wrap layer and gives you better plastic coverage on the largest surface of the bale.
Single Round Balewrappers
For small producers only wrapping 500 or less bales per year:
Are you looking for an easy to use, easy to maintain single Balewrapper?
Now you can wrap your hay easier, up to 5X5’6” diameter bales with the Tubeline TL1000R Balewrapper. This easy to use Balewrapper uses tractor hydraulics to spin and rotate the bale while it’s being wrapped so that each bale is wrapped completely and evenly every time. LEARN MORE.
For producers needing a high output, high quality machine:
McHale 991 Series balewrappers
For the medium to high producer, there is a single round bale wrapper that stands out among the pack, the McHale 991 wrapper series. These are trailed units that come in either cable controlled with 4 levers (991 BC) or with fully electronic in tractor settings (991 BE). The McHale 991 single bale wrappers are self-loading, and have a high output rating for producers who need to wrap bales fast and efficiently.
McHale 991 High Speed
For high output producers, the 991 High Speed Bale Wrapper will increase your production with its speed! As shown in the video below, the high speed wrapper has the great features of the 991 BC/BE units, but with a 50% increase in output. These wrappers will wrap bales in approximately 30 seconds!
Orbital high speed balewrapper
A high speed solution which delivers consistent and even overlap and achieves optimum levels of fodder preservation and quality.
The McHale Orbital Bale Wrapper is a high speed round bale wrapper. The McHale Orbital harnesses the proven vertical wrapping ring technology used in the McHale Fusion to deliver a high output, low maintenance bale wrapper which is capable of keeping up with multiple balers.
Single Square Balewrappers
For small producers only wrapping 500 or less bales per year:
The TL1700SR trailed bale wrapper will wrap BOTH Square AND Round bales! This is a trailed unit that will wrap 3’x3’ square bales from 4feet to 7 feet long and 4’x4’ & 5’x5’6” round bales- making it versatile for whatever kind of bales you need to wrap. LEARN MORE.
For producers needing a high output, high quality machine: McHale 998 square balewrapper
Do you need a high output square bale wrapper that can wrap 80-100 bales an hour?
The McHale 998 single square bale wrapper is a feature packed single bale wrapping machine that has a conveyor that loads square bales from the field and loads them for wrapping. The McHale 998 square bale wrapper will wrap bales up to 5.9ft in length and can wrap double stacked bales.