Agricultural producers in Murray County who lost property due to recent natural disasters are eligible for physical loss loans from the U.S. Department of Agriculture (USDA). USDA’s Farm Service Agency (FSA) offers these loans for losses caused by excessive rain, hail and high winds that occurred on August 28 and 29 of this year.
FSA is offering these low-interest emergency loans to producers with a qualifying loss. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. The deadline for producers in designated primary and contiguous counties to apply for loans for physical losses is May 17, 2022
. Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees, and harvested or stored crops and hay.
Please contact FSA for more information on loan eligibility and the application process. FSA office information is available at http://offices.usda.gov. Additional FSA disaster assistance program information is available at disaster.fsa.usda.gov.
