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Low Interest Emergency Physical Loss Loans Available for Three Wisconsin Counties with Assistance to Producers in Iowa

Ag/Outdoor

September 28th, 2017 by admin

MADISON, Wis., Sept. 27, 2017 – U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Steven J. Peterson today announced that physical loss loans are available for three counties in Wisconsin. Farm operators who have suffered major physical losses caused by heavy rains, flooding and high winds that occurred from July 19 through July 21, 2017, may be eligible for emergency loans.

This Administrator’s Physical Loss Notification has been issued for Crawford, Iowa and Sauk counties as the primary damaged area.

Producers in Allamakee and Clayton counties in Iowa are also eligible because they are contiguous counties.

FSA’s low interest emergency loans may be made available to any applicant with a qualifying loss in the counties named above. Approval is limited to applicants who suffered severe physical losses only.

Physical loss loans may be made to eligible farmers and ranchers to repair or replace damaged or destroyed physical property essential to the success of the agriculture operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees, and harvested or stored crops and hay.

Producers in eligible counties have eight months from the date of the declaration to apply for loans for physical losses.

Please contact FSA for more information on loan eligibility and the application process. FSA office information is available at http://offices.usda.gov. Additional FSA disaster assistance program information is available at http://disaster.fsa.usda.gov.