Disaster Loans Available in California

California droughts aren’t new news. For years farmers have been facing these problems slowly cutting back more and more on their agriculture business. However less business means less money.
To help farmers deal with the economic pressures of droughts, the USDA has announced 50 of California’s 58 counties as natural disaster areas. This declaration means farmers who have suffered losses from the droughts can apply for low-rate loans through the government.
Although the loans help with the economic aspect, farmers are uncertain what will happen with the water supply. “It was an average waterfall year, and we received a 10 percent supply,” says S
arah Woolf with the Westlands Water District.
Lawmakers are trying to push a “Two Gates” program that would pump water from the Sacramento-San Joaquin Delta to areas across the state. However this project could cost up to $25 million.
Looking to refinance your farm loan before inflation hits? Farm Loan interest rates starting at 2.99% and terms up to 25 years. See our rate sheet or call 866-929-5585 to speak with a representative.