FSA Emergency Loan Applications available
August 24th, 2011 by Ric Hanson
Farm operators in southwest Iowa who have sustained major forage and/or crop production, and/or physical losses due to flooding, may be eligible for an emergency loan. Iowa USDA Executive Director John Whitaker says applications for assistance should be completed at the Cass/Pottawattamie County Farm Service Agency (FSA) office, in Atlantic.
Whitaker says the FSA may make Emergency Loans to eligible family farmers, which will enable them to return to their normal operations, if they sustained qualifying losses resulting from natural disaster. Applicants must be unable to obtain credit from other, usual sources, in order to qualify for FSA Farm Loan Program assistance. Most of the disaster loans can be for up to seven-years, however, if the loan is secured only on crops, it must be repaid when the next year’s crop income is received.
The deadline for final applications is April 23rd, 2012. For more information, call the Cass/Pott County FSA office, at 712-243-1377.