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FSA emergency loans available to those hit by severe weather in Kansas

Agriculture.com Staff 05/17/2007 @ 8:33am

Bill R. Fuller, State Executive Director of the Kansas Farm Service Agency announced this week that FSA is making emergency loans available to help qualified producers recover from production and physical losses due to the tornados, strong storms and flooding on May 4 and continuing in Edwards, Kiowa, Pratt and Stafford counties.

Contiguous counties also eligible are: Barber, Barton, Clark, Comanche, Ford, Hodgeman, Kingman, Pawnee, Reno and Rice. This is according to Presidential Disaster Designation M1699.

Eligible loan funds may be used to restore or replace essential property and pay production costs associated with the disaster year. Applicants can borrow up to 100% of actual production or physical losses not to exceed $500,000. The current rate for these low interest loans is 3.75%.

Producers must meet eligibility requirements and not be able to obtain credit from a commercial lender. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment ability.

Producers in Barber, Clark, Comanche, Edwards, Ford, Kiowa and Pratt counties have until January 7, 2008, to apply for an emergency loan. Producers in Barton, Hodgeman, Kingman, Pawnee, Reno, Rice and Stafford counties have until January 11, 2008 to apply for an emergency loan.

Contact the FSA office at your local USDA Service Center, or phone a FSA Farm Loan Team nearest you, for more information or to apply.

Bill R. Fuller, State Executive Director of the Kansas Farm Service Agency announced this week that FSA is making emergency loans available to help qualified producers recover from production and physical losses due to the tornados, strong storms and flooding on May 4 and continuing in Edwards, Kiowa, Pratt and Stafford counties.

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