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Emergency loans available from FSAKansas "Farmers in Barber, Comanche, Kiowa, and Pratt counties who suffered crop or livestock losses due to severe storms, flooding and tornadoes occurring May 22 through June 16 may now apply for Farm Service Agency emergency loans," FSA Farm Loan Manager Kevin W. Vondra, said in early August. Applications for assistance will be accepted by FSA until March 9, 2009. "Loans covering physical and/or production losses may be made at a 3.75 percent interest rate, and are scheduled for repayment as rapidly as feasible, consistent with the applicant's reasonable ability to pay," said Vondra. FSA loans covering physical losses may be used to replace installations, equipment, livestock, or buildings (including homes), lost through this 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. "Funds can also be used for other essential operating and living expenses," Vondra said. 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 who suffered at least a 30 percent reduction to at least one cropping enterprise, may have a qualifying production loss. Emergency disaster production loss loans cover 100 percent of qualifying losses. Loan availability is limited to $500,000.00, less the outstanding principal balance of any and all prior emergency loans. Vondra asked that those farmers needing farm credit as a result of severe storms, flooding, and tornadoes, which occurred May 22 through June 16, and who think they are eligible for FSA assistance, should make their applications at the FSA County Office, Pratt, between the hours of 8 a.m. and 4:30 p.m., Monday through Friday. 8/11/08 Date: 8/7/08 Advertisement
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