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Serving: MN
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USDA offers low-interest loans for agricultural producers

Emergency support available for producers in Minnesota, Iowa and South Dakota who incurred damage during June 2 and June 4 storms.

Minnesota, Iowa and South Dakota agricultural producers who lost property due to recent natural disasters may be eligible for USDA assistance. The Farm Service Agency offers these low-interest loans to agricultural producers who incurred losses due to recent natural disasters. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. Applications are due by March 1, 2021.

"We encourage those affected to reach out to their local USDA Service Center to apply for these emergency loans," said State Executive Director Joe Martin.

High winds

Physical loss loans are available to eligible agricultural producers in Freeborn County, Minnesota, who suffered losses due to high winds that occurred on June 2, 2020.

Producers in the contiguous Minnesota counties of Faribault, Mower, Steele, and Waseca, along with Winnebago and Worth counties in Iowa, are also eligible to apply for emergency loans.

High winds and hail

Physical loss loans are available to eligible agricultural producers in Lincoln County, Minnesota, who suffered losses due to high winds that occurred on June 4, 2020.

Producers in the contiguous Minnesota counties of Lyon, Pipestone, and Yellow Medicine, along with Brookings, Deuel, and Moody counties in South Dakota, 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 Iowa Farm Service Agency, 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: Farm Life
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