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FSA emergency loans available
Kansas Bill R. Fuller, state executive director of the Kansas Farm Service Agency announced June 19 that FSA is making emergency loans available to help qualified producers recover from production and physical losses due to the tornados, strong storms and flooding. Presidential Disaster Declaration M1707 for Oklahoma storms on May 4 to 11, 2007, made the following contiguous counties in Kansas eligible for emergency loans: Cowley, Labette, Montgomery, and Sumner. Producers in these counties have until Feb. 7, 2008 to apply for an emergency loan. Presidential Disaster Declaration M1708 for Missouri storms on May 5 to 18, 2007, made the following contiguous counties in Kansas eligible for emergency loans: Atchison, Doniphan, Johnson, Leavenworth, Linn, Miami and Wyandotte. Producers in these counties have until Feb. 11, 2008, to apply for an emergency loan. 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 percent of actual production or physical losses not to exceed $500,000. The current rate for these low interest loans is 3.75 percent. 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. Date: 7/5/07
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