The Farm Service Agency (FSA) of Perkins County announced that family farmers in Hayes, Perkins and Valley counties (Nebraska) are eligible for emergency loans. These loans are available following excessive rain, hail, high winds and flooding that occurred on June 6, 2009.
The loans are to cover any production or physical losses caused by the bad weather. If farmers are qualified for these loans, they are also eligible for the Supplemental Revenue Assistance Program (SURE).
SURE is available not only for these three counties, but Chase, Deuel, Frontier, Greeley, Keith, Sherman, Custer, Dundy, Garfield, Hitchcock, Lindon and Wheeler. All 15 counties have been declared disaster areas by U.S. Department of Agriculture Secretary Tom Vilsack this season.
Loan applications must be submitted through FSA offices from any applicant who has physical or production loss up to 30 percent. Those eligible must be established family farmers with proof of loss. The low-interest loans may cover up to 100 percent of losses, but cannot exceed $500,000.
Currently loan rates are at 3.75 percent and all applications must be submitted by April 26, 2010.
In the market for a low-rate farm loan? Contact Farm Plus today! We even work alongside government agencies like the FSA to get you the low-rate farm loans you need! Call 866-929-5585 to speak with a representative or visit our website for more information.