Saturday, October 10, 2015
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
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Three counties declared natural disaster areas
The Secretary of Agriculture has announced that three counties in Texas were declared a disaster on Jan. 29, due to damages and losses caused by drought that began Dec. 3, and continuing. Under this designation, producers in any of the three primary disaster counties -- DeWitt, Gray, and Karnes -- or any of the 15 contiguous disaster counties are eligible to apply for low-interest emergency loans. Atascosa and Wilson counties are included in the contiguous disaster counties.
Emergency loans help producers recover from production and physical losses due to drought, flooding, and other natural disasters or quarantine.
Producers have eight months from the date of the declaration to apply for emergency loan assistance. The Farm Service Agency will consider each loan application on its own merits, taking into account the extent of losses, security available, and repayment ability. Producers can borrow up to 100 percent of actual production or physical losses, to a maximum amount of $500,000. The current emergency loan interest rate is 2.875 percent.
For more information about emergency loans, contact the local Farm Service Agency office located at 1106 10th (U.S. 181) in Floresville or visit www.fsa.usda.gov.
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