LEXINGTON, KY, Aug. 24, 2018 — Kentucky agricultural producers who lost property due to recent natural disasters may be eligible for U.S. Department of Agriculture (USDA) physical loss loans. The Farm Service Agency (FSA) offers these low-interest loans for losses caused by high winds, hail and multiple tornadoes that occurred on July 20, 2018. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock.

Low-Interest Loans Available for Agricultural Producers in Kentucky Impacted by Natural Disasters

LEXINGTON, KY, Aug. 24, 2018 — Kentucky agricultural producers who lost property due to recent natural disasters may be eligible for U.S. Department of Agriculture (USDA) physical loss loans. The Farm Service Agency (FSA) offers these low-interest loans for losses caused by high winds, hail and multiple tornadoes that occurred on July 20, 2018. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. 

“Kentucky's hardworking ag producers feed our neighbors, the nation and the world,” said State Executive Director Brian Lacefield. “When they suffer losses because of extreme weather, helping them get back on their feet is important. So, we’re giving affected county producers until April 6, 2019, to apply for these emergency loans.” 

Physical loss loans are available to eligible agricultural producers in the primary damaged area of Harrison County, Indiana. 

Producers in the contiguous counties of Crawford, Floyd and Washington in Indiana, along with Hardin, Jefferson and Meade counties in Kentucky, are also eligible to apply for emergency loans. 

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. 

For more information on FSA disaster assistance programs or to find your local USDA Service Center visit https://www.farmers.gov/recover.

USDA is an equal opportunity provider, employer and lender.