FSA Makes Emergency Loans Available

Low-interest funding eligible for storm-stricken counties.

The Kansas Farm Service Agency is making emergency loans available to help qualified producers recover from production and physical losses due to the tornados, strong storms and flooding on May 4 and continuing in Edwards, Kiowa, Pratt, and Stafford counties. Contiguous counties also eligible are: Barber, Barton, Clark, Comanche, Ford, Hodgeman, Kingman, Pawnee, Reno, and Rice. This is according to Presidential Disaster Designation M1699.

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.

Producers in Barber, Clark, Comanche, Edwards, Ford, Kiowa, and Pratt counties have until January 7, 2008 to apply for an emergency loan. Producers in Barton, Hodgeman, Kingman, Pawnee, Reno, Rice, and Stafford counties have until January 11, 2008 to apply for an emergency loan. Contact the FSA office at your local USDA Service Center, or phone a FSA Farm Loan Team nearest you at:

(620) 227-3731 in Dodge City
(785) 798-3614 in Ness City
(620) 672-7449 in Pratt
(620) 669-8161 in S. Hutchison
(785) 483-5618 in Russell
(620) 326-2269 in Wellington

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