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-115141

Nebraska Counties Are Eligible for USDA Emergency Loans

08/30/2011 09:26 AM EDT

For Immediate Release
August 30, 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 30, 2011 - Farm Service Agency (FSA) State Executive Director, Dan Steinkruger, announced that family farmers in Richardson County in Nebraska may be eligible to apply for low interest Emergency (EM) loans due to physical and production losses caused by excessive rain, high winds, hail, and flooding that occurred from June 1, 2011, and continuing.

.

This Nebraska County became eligible for this assistance because it is contiguous to one or more of the seven Kansas Counties that were designated on August 25, 2011, by the Secretary of Agriculture.

.

In addition, with a qualifying loss, this designation makes producers eligible for the Supplemental Revenue Assistance Program (SURE). With this disaster declaration, producers that have suffered at least a 10% loss on a crop in their farming operation, will be able to apply for SURE benefits. Applications for 2011 SURE, will begin after the 2011 crop marketing year has ended which will be in the fall of 2012.

.

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 April 25, 2012.

.

In addition to the SURE program and the Emergency (EM) Loan Program, the FSA has other loan programs and disaster assistance programs which can be considered in assisting farmers to recover from their losses. Please contact your local FSA Service Center or access additional information about FSA Disaster Assistance and Farm Loan programs at www.fsa.usda.gov.

.

While this release pertains to the availability of FSA programs, other federal agencies such as FEMA (Federal Emergency Management Agency) and SBA (Small Business Administration) may also have assistance to the public. Information is available from these two agencies at the following websites; www.fema.gov and www.sba.gov.

.

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