You’ve been granted free access to this subscribers only article.
Emergency farm loans being accepted
Applications for emergency farm loans for losses caused by drought, excessive heat, high winds, and wildfires from Jan. 1, 2011, and continuing are being accepted at the Farm Service Agency office located in Seguin, Farm Loan Manager Raecene Randall said in a March 27 press release.
Bexar and Wilson counties are two in Texas named by the secretary of agriculture as eligible for loans to cover part of actual production losses. Forty other counties were named contiguous.
Randall said farmers may be eligible for loans of up to 100 percent of their actual losses or the operating loan needed to continue the agricultural business, whichever is less. For farmers unable to obtain credit from private commercial lenders, the interest rate is 3.75 percent.
“As a general rule, a farmer must have suffered at least a 30 percent loss of crop production or suffered any physical loss to be eligible for an FSA [Farm Service Agency] emergency loan under this disaster designation,” Randall said. Producers participating in the Federal Crop Insurance program will have to consider proceeds from those programs in determining their production loss. Additionally, any insurance proceeds received by producers as a result of the physical loss will have to be considered in determining their total loss.
Applications for loans under this emergency designation will be accepted until Tuesday, Sept. 4.
The Farm Service Agency office in Seguin is open Monday through Friday, from 8 a.m. to 4:30 p.m. Additional information regarding Disaster Assistance Programs may be found online at http://disaster.fsa.usda.gov.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Crow is 15th in the nation (July 22, 2015)
Have you seen a Texas horned lizard? (July 22, 2015)
Hay & Forage Report (July 22, 2015)
Landscaping picks (July 22, 2015)
Livestock Market Reports (July 22, 2015)
Offices issue receipts (July 22, 2015)
Recent rains — fewer grasshoppers! (July 22, 2015)
Stallman announces departure in January (July 22, 2015)
TDA Market Report (July 22, 2015)
Benefits of the Chinese pistache (July 15, 2015)
Cattle market outlook, trends short course (July 15, 2015)
Conservation assistance online for landowners, users (July 15, 2015)
Crouch Memorial Bull Riding is July 25 (July 15, 2015)
Hay & Forage Report (July 15, 2015)
Livestock Market Reports (July 15, 2015)
Mischief-maker transforms into equine world champion (July 15, 2015)
TDA Market (July 15, 2015)
Wardens investigate alligator attack (July 15, 2015)
Ag-Pro continues John Deere tradition (July 8, 2015)
Cattlemen, Floresville FFA unite (July 8, 2015)
Hay & Forage Report (July 8, 2015)
Livestock Market Reports (July 8, 2015)
Locals attend conference (July 8, 2015)
Much of peach crop excellent quality, quantity (July 8, 2015)
Nomination period open for farm committee (July 8, 2015)
TDA Market Report (July 8, 2015)
Things farmers do when it rains (July 8, 2015)
Two-part water conservation landscaping workshop in SA (July 8, 2015)
U.S. cattle herd safety threatened by Brazilian beef importation? (July 8, 2015)
West Nile virus vaccine in horses (July 8, 2015)
Will new driveway affect live oak? (July 8, 2015)
Hay & Forage Report (July 1, 2015)
July 2015 Gardening Calendar (July 1, 2015)
Livestock Market Reports (July 1, 2015)
Native anaqua is a tasty treat for wildlife (July 1, 2015)
TDA Market Report (July 1, 2015)
Texas railway raises concerns on eminent domain (July 1, 2015)
Third time's a charm for Buck Taylor roping (July 1, 2015)