Iowa farmers can apply for emergency loans from FSA to aid from recent drought. | Stock Photo
Iowa farmers can apply for emergency loans from FSA to aid from recent drought. | Stock Photo
Iowa farmers can now apply for emergency loans to aid them due to drought.
Ten Iowa counties have been designated by Agriculture Secretary Sonny Perdue as major natural disaster areas. U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans are available to producers from Hamilton, Ida, Harrison, Buena Vista, Madison, Pocahontas, Monona, Polk, Story and Pottawattamie counties who suffered losses from the recent drought.
Farmers in Adair, Boone, Calhoun, Cass, Cherokee, Clarke, Clay, Crawford, Dallas, Franklin, Guthrie, Hardin, Humboldt, Jasper, Kossuth, Marion, Marshall, Mills, Montgomery, O’Brien, Palo Alto, Sac, Shelby, Union, Warren, Webster, Woodbury and Wright also can apply for emergency loans.
According to a statement by the FSA, this allows them to offer emergency credit to help producers recover from natural disasters. They will be reviewing the loans based on the scope of loss, available security and the ability to repay. The loan can be used to replace necessary livestock or equipment, refinance debts or for farm operation reorganization.
Several other programs that do not require disaster declaration are Emergency Conservation Program, Emergency Assistance for Livestock, Honeybees and Farm-Raised Fish Program, Operating and Farm Ownership Loans, Tree Assistance Program, Livestock Forage Disaster Program and Livestock Indemnity Program.
The deadline for the application of these emergency loans is May 10, 2021.
For more information, interested farmers may contact their local USDA service center or go to farmers.gov/recover.
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