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Agricultural News

Low Interest Emergency Physical Loss Loans Available for McCurtain Co. and Others in AR and TX

Thu, 22 Feb 2018 13:39:42 CST

Low Interest Emergency Physical Loss Loans Available for McCurtain Co. and Others in AR and TX U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Steve Peterson today announced that physical loss loans are available for Little River County in Arkansas. Farm operators who have suffered major physical losses caused by a tornado that occurred on Jan. 21, 2018, may be eligible for emergency loans.

Additionally, Hempstead, Howard, Miller and Sevier counties in Arkansas are contiguous to this designated disaster area, making producers in these counties also potentially eligible for programs based on this designation.

Producers in McCurtain County in Oklahoma, along with Bowie County in Texas, are also eligible for emergency loans because those counties are contiguous.

FSA’s low interest emergency loans may be made available to any applicant with a qualifying loss in the counties named above. Approval is limited to applicants who suffered severe physical losses only.

Physical loss loans may be made to eligible farmers and ranchers to repair or replace damaged or destroyed physical property essential to the success of the agriculture 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.

Producers in eligible counties have eight months from the date of the declaration to apply for loans for physical losses.

Please contact FSA for more information on loan eligibility and the application process. FSA office information is available at http://offices.usda.gov. Additional FSA disaster assistance program information is available at http://disaster.fsa.usda.gov.

Source - USDA



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