The USDA has accepted 28 Missouri counties as primary natural disaster areas.
Adair, Caldwell, Carroll, Cedar, Crawford, Daviess, DeKalb, Dunklin, Gentry, Harrison, Knox, Laclede, Marion, Mercer, Mississippi, Montgomery, New Madrid, Nodaway, Pemiscot, Phelps, Pulaski, Ripley, Schuyler, Scotland, Shelby, Sullivan, Warren and Worth counties have been designated due to strong winds, excessive rain and flooding between February 1 and July 31, 2009.
“President Obama and I understand these conditions caused severe damage to the area and serious harm to the farms in Missouri and we want to help,” said Secretary Tom Vilsack. “This action will provide help to hundreds of farmers who suffered significant production losses to alfalfa, corn, cotton, forage, oats, rice, soybeans, sweet corn and wheat.”
Those producers who have been affected by this decision are eligible for low-interest emergency loans from the USDA. Producers who have heavy crop and land loss have eight months from Oct. 20, 2009 to apply for loans. Each application will be considered based on individual situations and what financial situation the farm is in. For more information click here.
Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.