Pennsylvania farmers can apply for relief. Burlington, Camden and Gloucester county farmers can apply for low-interest federal loans to cover losses related to severe weather earlier this year.
Between June 1 and August 19 these counties have had 6.34 inches more than the average rainfall. They have also experienced hail storms and a tornado. The weather is to blame for the 27 percent reduction in wheat production.
“The low-interest loans and other available programs will provide needed assistance for these farmers, helping to ensure the continued health and well-being of our state’s agricultural industry,” said Gov. Corzine told local publications.
These loans can cover up to 100 percent of actual losses. For more information contact your local Farm Service Agency.
Federal Reserve stated interest rates likely to rise.Â Refinance your farm loan before rates go up.Â Call a representative by dialing 866-929-5585 or visit us online.