Farm Service Agency Avails Emergency Loans to More Counties

Funds to replace property or pay for production losses.

Bill R. Fuller, State Executive Director of the Kansas Farm Service Agency announced last week that FSA is making emergency loans available to help qualified producers recover from production and physical losses due to the severe storms and flooding on June 26, 2007 and continuing Presidential Disaster Designation M1711 has been amended to include additional counties which are eligible for FSA emergency loans.

Presidential Disaster Designation M1711: (if county is listed under M1711 multiple times, then latest application deadline applies)

Primary Counties: Elk, Miami, Montgomery, Neosho, Wilson. Contiguous Counties: Allen, Anderson, Bourbon, Butler, Chautauqua, Cowley, Crawford, Douglas, Franklin, Greenwood, Johnson, Labette, Linn, Woodson. Final date to apply for Emergency Loan: March 5, 2008

Amendment 2
Primary Counties: Allen, Cowley, Labette, Linn.
Contiguous Counties: Anderson, Bourbon, Butler, Chautauqua, Cherokee, Coffey, Crawford, Elk, Franklin, Miami, Montgomery, Neosho, Sedgwick,
Sumner, Wilson, Woodson.
Final date to apply for Emergency Loan: March 13, 2008

Amendment 3
Primary Counties Anderson, Bourbon, Butler, Chautauqua, Cherokee,
Coffey, Crawford, Franklin, Greenwood, Harper, Osage, Woodson.
Contiguous Counties: Allen, Barber, Chase, Cowley, Douglas, Elk, Harvey, Johnson, Kingman, Labette, Linn, Lyon, Marion, Miami, Montgomery, Neosho, Sedgwick, Shawnee, Sumner, Wabaunsee, Wilson. Final date to apply for Emergency Loan: March 18, 2008

Eligible loan funds may be used to restore or replace essential property and pay production costs associated with the disaster year. Applicants can borrow up to 100% of actual production or physical losses not to exceed $500,000. The current rate for these low interest loans is 3.75%.

Producers must meet eligibility requirements and not be able to obtain credit from a commercial lender. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment ability.

Contact the FSA office at your local USDA Service Center.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish