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Disaster Assistance Loans Available from FSA

Farmers and ranchers who suffered property loss last June because of severe storms, flooding and tornadoes are now eligible to make application to the Farm Service Agency for an Emergency Disaster Loan.

Farmers and ranchers in Mitchell, Osborne, Barton, Lincoln, and Russell Counties who suffered losses during the time period between June 7th and June21st of this year are eligible.

Loans can be used to cover physical and/or production losses at an interest rate of 3.75%. The loans can be used to replace installations, equipment, livestock, or buildings – including homes that were lost because of the weather-related disaster.

FSA loans covering production losses may be used to buy feed, seed, fertilizer, livestock, or to make payments on real estate and chattel debts.

To be eligible for an emergency disaster loan, an applicant must be operating a family size farm or ranch, must be unable to get credit elsewhere, and must have suffered a qualifying physical and/or production loss from the disaster.

Farmers and ranchers who think that they may be eligible should contact the FSA County Office in Russell. That number is 483-5618 extension 29. The application deadline is April 11th of next year.

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