Are you struggling to find loans to help start your container farm business? Starting a container farm business can be an expensive venture, with some containers costing up to $120,000!
While Pure Greens does offer affordable pricing for our container farming systems, we understand that most people don’t have thousands of dollars at their fingertips. Luckily, there are a variety of avenues for people to pursue their dreams of container farming.
Here, we’ll look at 4 loans to help start your container farm business.
4 Loans to Help Start Your Container Farm Business
The Farm Service Agency is under the Department of Agriculture that helps to serve all farmers, ranchers, and agricultural partners through the delivery of effective and efficient agricultural programs. The agency is very customer-driven and customer focused that’s dedicated to achieving an economically and environmentally sound future for our agriculture.
The following loans are a part of the FSA’s mission to help beginning and seasoned farmers and ranchers.
1. Farm Service Agency Farm (FSA) Operating Loans.
FSA operating loans are designed to help farmers start, maintain or strengthen a farm or ranch. FSA operating loans are a great option for financing your container farm business.
Operating loans can also help with the purchase of equipment, pay for minor real estate repairs, and annual operating costs.
To learn more go to https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/farm-operating-loans/index or contact your local FSA.
2. FSA microloans.
Microloans are another type of FSA loans, which focuses on helping small, beginning and niche farmers, as well as non-traditional farm operations like container farms. Microloans do tend to be smaller, so be sure to check how much you are eligible to borrow.
Microloans can be taken for both ownership or operating, though operating microloans cover more purposes.
To learn more go to https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/microloans/index or contact your local FSA directly.
3. FSA Farm Ownership loans.
With no previous farm ownership requirements, FSA ownership loans are a great choice for first-time farmers looking to finance a container farm. Another benefit to the Farm Ownership loan is that it provides 100% of the funding necessary to start your farm.
There are three types of farm ownership loans – regular, joint financing, and down-payment, which is dependent upon individual needs.
To learn more, go to https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/farm-ownership-loans/index or contact your local FSA.
4. FSA Guaranteed Farm Loans.
Unlike the rest of the loans on this list, an FSA guaranteed loan is done through a traditional lender with the backing of the FSA. The FSA can secure favorable financing terms by guaranteeing the loan will be paid back up to 95%.
Both the FSA operating and FSA ownership loans fall under the guaranteed farm loans, but there are two other loans that fall under guaranteed farm loans – the land contract guarantee and the conservation loan.
To learn more about FSA guaranteed loans go to https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/guaranteed-farm-loans/index
Those are 4 loans to help start your container farm business. But loans aren’t the only way that you can use to help start your container farm business; you can also get federal and individual state grants to help fund your container farm business.
If you’re just getting started with a container farm business, you should check out our beginning guide on how to start a container farm business. We also give free tours of our container farms! Fill out our contact form or give us a call at 602.753.3469.