Emergency Disaster loan deadline coming up

Friday, October 12, 2012

The expiration date for filing applications for Emergency Disaster loans by farmers and ranchers in Bourbon County is Nov. 19, Robert E. White, farm loan manager for the Farm Service Agency, said in a news release.

White said those needing farm credit as a result of severe storms, high winds and tornadoes on Feb. 29 and who think they are eligible for FSA assistance, should make their applications at the FSA County Office, 207 S. Summit, Girard, Kan., before the expiration date.

"Loans covering physical losses are scheduled for repayment as rapidly as feasible, consistent with the applicant's reasonable ability to pay," White said in the release. The current interest rate is 2.125 percent, but is subject to monthly changes until the loan is approved.

FSA's Farm Loan Programs staff is committed to new and existing customers, FSA customer goals and our rural communities. FSA's service extends beyond the typical loan, offering FSA customers ongoing consultation, advice and creative ways to make farm businesses thrive, the release said.

FSA loans covering physical losses may be used to replace installations, equipment, livestock, or buildings, including homes, lost through this disaster.

To be eligible for an emergency disaster loan, applicants must be operating a family-size farm or ranch, unable to get credit elsewhere, and must have suffered a qualifying physical loss from the disaster.

Farmers and ranchers who think they may eligible should contact the FSA County Office in Girard, or call (620) 724-6227 for additional information and how to apply.