DES MOINES, Iowa – September 13, 2016 — Iowa State Executive Director for USDA Farm Service Agency, John R Whitaker, announced that Administrator Val Dolcini has made physical loss loans available for eight counties in Iowa. Farm operators who have suffered major physical losses caused by high winds, flooding, hail, and excessive rain that occurred from June 17 – 19, 2016 may be eligible for low-interest emergency loans.

Administrator’s Physical Loss Notification for Eight Iowa Counties

              Contact:
Brian Gossling (515) 254-1540

Administrator’s Physical Loss Notification for Eight Iowa Counties

DES MOINES, Iowa – September 13, 2016 — Iowa State Executive Director for USDA Farm Service Agency, John R. Whitaker, announced that Administrator Val Dolcini has made physical loss loans available for eight counties in Iowa. Farm operators who have suffered major physical losses caused by high winds, flooding, hail, and excessive rain that occurred from June 17 – 19, 2016 may be eligible for low-interest emergency loans.

This Administrator’s Physical Loss Notification has been issued for Plymouth and Woodbury Counties as the primary damaged areas. Six Iowa counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Cherokee, Crawford, Ida, Monona, O’Brien, and Sioux.

The Farm Service Agency may make Emergency Loans to eligible family farmers which will enable them to return to their normal operations if they sustained qualifying losses resulting from natural disaster. Physical loss loans may be made to eligible farmers to enable them to repair or replace damaged or destroyed physical property, including livestock losses, essential to the success of the farming operation. 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.

Applicant must be unable to obtain credit from other usual sources to qualify for the Farm Service Agency Farm Loan Program assistance. Each applicant applying for credit will be given equal consideration without regard to race, creed, color, marital status, or national origin.

The repayment for most disaster loans are based on the useful life of the security, the applicant’s repayment ability, and the type of loss. Loans to replace fixtures to real estate may be scheduled for repayment for up to 40 years.

The final date for making application under this designation is March 11, 2017.

Interested farmers may contact their local County FSA office for further information on eligibility requirements and application procedures for these and other programs. Information can also be found on-line at www.fsa.usda.gov.

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).