“Farmers in Comanche and Reno Counties, who suffered crop or livestock losses due to Wildfires occurring March 3, 2017 through March 9, 2017 may now apply for Farm Service Agency (FSA) emergency loans,” FSA Farm Loan Manager Vondra, said today.
Barber, Kiowa and Pratt Counties also became eligible under existing legislation which provides that farmers in counties bordering on those which have been designated for disaster assistance, may also qualify for such assistance. Applications for assistance will be accepted by FSA until November 22, 2017.
“Loans covering physical losses are scheduled for repayment as rapidly as feasible, consistent with the applicant’s reasonable ability to pay,” said Vondra. The current interest rate is 4.0% percent but is subject to monthly changes until the loan is approved.
FSA’s Farm Loan Programs staff is committed to new and existing customers, FSA customer goals and our rural communities. FSA’s service extends beyond the typical loan, offering FSA customers ongoing consultation, advice and creative ways to make your farm business thrive. At the Farm Service Agency, we want to be your lender of first opportunity to overcome these adverse weather conditions and rebuild your operation to get back on track. FSA’s loan staff can refer customers to other public and commercial financing sources that can serve as a blend with FSA’s farm loan programs.
FSA loans covering physical losses may be used to replace installations, equipment, livestock, or buildings (including homes), lost through this disaster.
To be eligible for an emergency disaster loan, an applicant must be operating a family size farm or ranch, must be unable to get credit elsewhere, and must have suffered a qualifying physical loss from the disaster.
Farmers and ranchers that think they may be eligible should contact the FSA County Office in Pratt, Kansas or call 620-672-7449 for additional information and how to apply. USDA is an equal opportunity provider, employer, and lender.