FSA emergency loans available
Adrian J. Polansky, 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 M1932 for severe storms, flooding and tornadoes on June 7 through July 21 made the following primary counties in Kansas eligible: Atchison, Brown, Butler, Chase, Clay, Cloud, Comanche, Doniphan, Ellis, Franklin, Greenwood, Harvey, Jewell, Kiowa, Lyon, Marion, Marshall ,Miami, Mitchell, Morris, Norton, Osage, Osborne, Pawnee, Phillips, Pottawatomie, Republic, Riley, Rooks, Rush, Smith, Wabaunsee, Washington, and Woodson. These contiguous counties in Kansas are also eligible: Allen, Anderson, Barber, Barton, Clark, Coffey, Cowley, Decatur, Dickinson, Douglas, Edwards, Elk, Ford, Geary, Graham, Hodgeman, Jackson, Jefferson, Johnson, Leavenworth, Lincoln, Linn, McPherson, Nemaha, Neosho, Ness, Ottawa, Pratt, Reno, Russell, Saline, Sedgwick, Shawnee, Sheridan, Stafford, Sumner, Trego, and Wilson. In addition, there are some contiguous counties eligible in Missouri, Nebraska, and Oklahoma. Producers in the above listed counties have until April 11, 2011, to apply for an emergency loan.
Secretarial Disaster Designation S3019 for excessive rain, high winds, hail, flooding, lightning, and tornadoes on May 6 through June 20 made the following primary counties in Kansas eligible: Chase, Cloud, Gove, Jewell, Lyon, Rooks, Marshall, Smith, and Trego. These contiguous counties in Kansas are also eligible: Butler, Clay, Coffey, Ellis, Graham, Greenwood, Lane, Logan, Marion, Mitchell, Morris, Nemaha, Ness, Osage, Osborne, Ottawa, Phillips, Pottawatomie, Republic, Riley, Scott, Sheridan, Thomas, Wabaunsee, and Washington. In addition, there are some contiguous counties eligible in Nebraska. Producers in the above listed counties have until April 20, 2011, 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.
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