Nebraska Counties Are Eligible for USDA Emergency Loans

You are subscribed to NE - News Releases for USDA Farm Service Agency.

This information has recently been updated, and is now available. Having trouble viewing this email? View it as a Web page. http://content.govdelivery.com/bulletins/gd/USFSA-dec00

Nebraska Counties Are Eligible for USDA Emergency Loans

08/02/2011 03:36 PM EDT

For Immediate Release
August 1, 2011

.

Contact:
Dan Steinkruger, State Executive Director, at (402) 437-5581 or dan.steinkruger@ne.usda.gov
FSA Website: http://www.fsa.usda.gov/ne/

.

Nebraska Counties Are Eligible for USDA Emergency Loans

.

LINCOLN, NEBRASKA, August 1, 2011 - Farm Service Agency (FSA) State Executive Director, Dan Steinkruger, announced that family farmers in three Nebraska counties are eligible to apply for low interest Emergency (EM) loans due to physical and production losses caused by severe storms, flooding, and landslides that occurred on May 18, 2011, through July 8, 2011. Those counties are: Banner, Scotts Bluff, and Sioux.

.

These three Nebraska counties became eligible for this assistance because they are contiguous to one or more of the 16 Wyoming areas, which includes 15 Wyoming counties and The Wind Ridge Indian Reservation that were declared a Presidential Major Disaster on July 22, 2011, by President Obama due to this disaster.

.

Emergency loan applications are available and must be submitted through the local FSA county office from any applicant who qualifies for a physical or production loss (at least a 30 percent reduction from normal) in a single enterprise from this disaster in these counties. To qualify for an EM loan, an applicant must be an established family farm operator; provide evidence of having suffered a qualifying physical or production loss; be unable to obtain suitable credit from a source other than FSA. The low interest loans may cover up to 100 percent of their actual production or physical losses, to a maximum amount of $500,000. The loan applicants must show ability to repay the loan and the loan must be adequately secured. FSA loans for production losses may be used to buy feed, seed, fertilizer, livestock, or to refinance certain debts. FSA loans for physical losses may be used to repair or replace the property that was damaged or lost. The current interest rate for the EM loans is 3.75%. The deadline for submitting applications is March 22, 2012.

.

In addition to the Emergency (EM) Loan Program, the FSA has other Direct and Guaranteed Farm Operating and Farm Ownership Loan Programs, which can be considered in assisting farmers to recover from their losses. Additional information about FSA Farm Loan Programs is available at www.fsa.usda.gov/dafl.

.

USDA is an equal opportunity employer and provider.

.

---

Questions? Contact Us

STAY CONNECTED:

SUBSCRIBER SERVICES:
Manage Preferences  |  Delete Profile  |  Help

This email was sent to ahmedalaa214.ahmed@blogger.com using GovDelivery, on behalf of: USDA Farm Service Agency · 1400 Independence Ave., S.W. · Washington, DC 20250 · 800-439-1420