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 11 counties in Iowa. Farm operators who have suffered major physical losses caused by excessive rain, hail, high winds, lightening and a tornadoes that occurred from July 16, 2016 through July 17, 2016 may be eligible for low-interest emergency loans.

Administrator’s Physical Loss Notification for 11 Iowa Counties

Contact:
Brian Gossling
(515) 254-1540

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 11 counties in Iowa. Farm operators who have suffered major physical losses caused by excessive rain, hail, high winds, lightening and a tornadoes that occurred from July 16, 2016 through July 17, 2016 may be eligible for low-interest emergency loans.

This Administrator’s Physical Loss Notification has been issued for Humboldt and Wright Counties as the primary damaged areas. Nine 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: Cerro Gordo, Franklin, Hamilton, Hancock, Hardin, Kossuth, Palo Alto, Pocahontas, and Webster.

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 April 19, 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).