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USDA offering aid to Minnesota and Iowa producers

Low-interest loans are being made available for producers in select Minnesota and Iowa counties affected by storms on August 17-18, 2019.

Minnesota agricultural producers who lost property due to recent natural disasters may be eligible for USDA physical loss loans. The FSA offers these low-interest loans to agricultural producers in Nobles County, the primary damaged area, who incurred losses due to high winds and a tornado that occurred August 17 and 18, 2019. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. Applications are due July 27, 2020.

“Minnesota’s hardworking ag producers feed our neighbors, the nation and the world,” said State Executive Director Joe Martin. “When they suffer losses because of extreme weather, helping them get back on their feet is important. We encourage those affected to reach out to their local USDA Service Center to apply for these emergency loans.”

Producers in the contiguous Minnesota counties of Cottonwood, Jackson, Murray, and Rock, along with Lyon and Osceola counties in Iowa, are also eligible to apply for emergency loans.

Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees, and harvested or stored crops and hay.

For more information on FSA disaster assistance programs or to find your local USDA Service Center visit farmers.gov/recover.

Source: USDA which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.

TAGS: USDA
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