Farmers in Marshall and Nemaha Counties who suffered physical losses due to excessive rain, high winds, tornadoes, hail, flash flooding and lightning that occurred on June 1, 2014 through June 4, 2014 became eligible under existing legislation which provides that farmers in counties bordering on those which have been designated for disaster assistance, may also qualify for such assistance. Applications for assistance will be accepted by FSA until February 18, 2015.
“Loans covering physical losses are scheduled for repayment as rapidly as feasible, consistent with the applicant’s reasonable ability to pay,” said Kay McCoy, Farm Loan Manager. The current interest rate is 3.125 percent but is subject to monthly changes until the loan is approved.
FSA’s Farm Loan Programs staff is committed to new and existing customers, FSA customer goals and our rural communities. FSA’s service extends beyond the typical loan, offering FSA customers ongoing consultation, advice and creative ways to make your farm business thrive. At the Farm Service Agency, we want to be your lender of first opportunity to overcome these adverse weather conditions and rebuild your operation to get back on track. FSA’s loan staff can refer customers to other public and commercial financing sources that can serve as a blend with FSA’s farm loan programs.
FSA loans covering physical losses may be used to replace installations, equipment, livestock, or buildings (including homes), lost through this disaster.
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 loss from the disaster.
Farmers and ranchers that think they may eligible should contact the FSA County Office in Seneca, Kansas or call (785) 336-3543 Ext. 120 or 128 for additional information and how to apply. USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).