Federal funding is available to Illinois farmers who lost crops in last year’s abnormally wet planting season.
Governor Pat Quinn announced that federal disaster assistance money is available in 88 counties for farmers who saw significant damage to crops.
The USDA approved 58 counties as natural disaster areas and 30 counties as contiguous counties for low-interest loans. Every county in the southern half of Illinois qualifies.
A press release released by Quinn said, “The loans that this declaration triggers will help those farmers who weren’t able to plant a crop. They can be used not only to pay production costs, but also to refinance existing debt and cover essential family living expenses.”
From April through July there was a total of 20.94 inches of rain, 4.74 inches above average.
Those farmers who qualify should contact their local Farm Service Agency for more information.
In the market for a low-rate farm loan? Contact Farm Plus today for information on farm loans starting as low as 2.99%! We even work alongside government agencies to help you get the loans you need. Contact us here or toll free at 866-929-5585 for more information on farm and ranch loans.