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Friday, Apr. 29, 2016

FSA disaster loans available

Wednesday, August 25, 2004

The Farm Service Agency has announced that 58 counties in Missouri, including Saline, Lafayette and Johnson counties, will have FSA disaster loans for damage done by severe storms, tornadoes and flooding which occurred from May 18 through May 31.

Loans for physical losses are available to be used to replace or repair damage to buildings, fences or to compensate the farmer for losses of livestock, stored crops, equipment, etc., that was lost due to the disaster. Production loss loans will be available to buy feed, seed, fertilizer, livestock or to make payments on real estate or chattel debts.

To qualify, a farmer must have suffered a 30 percent loss in production or an actual physical loss that was essential to successful farm operation.

Interest rates on the loans will be 3.75 percent to those who are eligible. Applications for assistance will be accepted at the Saline, Lafayette and Johnson County Farm Service Agencies.

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