Agricultural News
USDA Designates Grayson County, Texas, as a Primary Natural Disaster Area
Thu, 10 Feb 2022 11:51:50 CST
This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans
Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts. FSA will review the loans based on the extent of losses, security available and repayment ability.
Impacted Area: Texas
Triggering Disaster: Excessive moisture and excessive rainfall that occurred during April 15, 2021, and continuing.
Application Deadline: Oct. 3, 2022
Primary County Eligible: Grayson
Contiguous Counties Also Eligible:
Texas: Collin, Cooke, Denton and Fannin
Oklahoma: Bryan, Love and Marshall
When a tornado, flood, or drought strikes, or a quarantine is imposed by the Secretary of Agriculture, or when other natural disasters occur, FSA's Emergency loan program is there to help eligible farmers and ranchers rebuild and recover from sustained losses.aaaaaaa
The Emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or a natural disaster or emergency is declared by the President under the Stafford Act. These loans help producers who suffer qualifying farm related losses directly caused by the disaster in a county declared or designated as a primary disaster or quarantine area. Also, farmers located in counties that are contiguous to the declared, designated, or quarantined area may qualify for Emergency loans.
For production losses, a 30% reduction in a primary crop in a designated or contiguous county is required. Losses to quality, such as receiving a 30% reduced price for flood damaged crops, may be eligible for assistance, too.
On farmers.gov, the Disaster Assistance Discovery Tool, Disaster Assistance-at-a-Glance fact sheet, and Farm Loan Discovery Tool can help you determine program or loan options. To file a Notice of Loss or to ask questions about available programs, contact your local USDA Service Center.
USDA is an equal opportunity provider, employer and lender.
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