FSA emergency loans available because of natural disasters
Jack Salava, Acting State Executive Director for USDA's Kansas Farm Service Agency announced that FSA is making emergency loans available to help qualified producers recover from production and physical losses due to natural disasters.
Presidential Disaster Declaration M1847 for severe storms, tornadoes, and flooding on May 8 to 16 in Missouri made the following contiguous counties in Kansas eligible: Bourbon, Cherokee, Crawford, and Linn. Producers in these counties have until Feb. 19, 2010 to apply for an emergency loan.
Presidential Disaster Declaration M1848 for severe winter storm and record and near record snow on March 26 to 29 in Kansas made the following primary counties eligible: Butler, Chase, Chautauqua, Coffey, Cowley, Dickinson, Elk, Grant, Greenwood, Harvey, Lyon, Marion, Sumner, and Woodson; and the following contiguous counties eligible: Allen, Anderson, Clay, Finney, Franklin, Geary, Hamilton, Harper, Haskell, Kearny, Kingman, McPherson, Montgomery, Morris, Neosho, Osage, Ottawa, Reno, Saline, Sedgwick, Stanton, Stevens, Wabaunsee, and Wilson. Producers in these counties have until Feb. 24, 2010 to apply for an emergency loan.
Presidential Disaster Declaration M1849 for severe storms, flooding, straight-line winds, and tornadoes from April 25 to May 16 in Kansas made the following primary counties eligible: Anderson, Barber, Bourbon, Butler, Chase, Cherokee, Coffey, Cowley, Crawford, Elk, Finney, Greenwood, Harper, Harvey, Kingman, Labette, Linn, Lyon, Marion, Marshall, Montgomery, Morris, Neosho, Reno, Rice, Sumner, Wabaunsee, and Wilson; and the following contiguous counties eligible: Allen, Barton, Chautauqua, Comanche, Dickinson, Ellsworth, Franklin, Geary, Grant, Gray, Haskell, Hodgeman, Kearny, Kiowa, Lane, McPherson, Miami, Nemaha, Ness, Osage, Pottawatomie, Pratt, Riley, Saline, Scott, Sedgwick, Shawnee, Stafford, Washington, and Woodson. Producers in these counties have until February 25, 2010 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.