ST. PAUL, Minn., Oct. 30, 2017 – U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Steven J. Peterson today announced that physical loss loans are available for four counties in Minnesota as a result of three separate disaster events. Farm operators who have suffered major physical losses caused by a tornado, high winds and hail may be eligible for emergency loans.

Low Interest Emergency Physical Loss Loans Available for Four Minnesota Counties with Assistance to Producers in Surrounding Counties and South Dakota

ST. PAUL, Minn., Oct. 30, 2017 – U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Steven J. Peterson today announced that physical loss loans are available for four counties in Minnesota as a result of three separate disaster events. Farm operators who have suffered major physical losses caused by a tornado, high winds and hail may be eligible for emergency loans.

Disaster One:

An Administrator’s Physical Loss Notification has been issued for Nicollet and Sibley counties, the primary damaged area, due to a tornado that occurred on Aug. 16, 2017.

Additionally, seven Minnesota counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Blue Earth, Brown, Carver, Le Sueur, McLeod, Renville and Scott.

Disaster Two:

An Administrator’s Physical Loss Notification has been issued for Lincoln County, the primary damaged area, due to high winds that occurred on Sept. 19, 2017.

Additionally, three Minnesota counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Lyon, Pipestone and Yellow Medicine.

Brookings, Deuel and Moody counties in South Dakota are also eligible for emergency loans because they are contiguous.

Disaster Three:

An Administrator’s Physical Loss Notification has been issued for Stearns County, the primary damaged area, due to high winds and hail that occurred on Sept. 20, 2017.

Additionally, nine Minnesota counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Benton, Douglas, Kandiyohi, Meeker, Morrison, Pope, Sherburne, Todd and Wright.

FSA’s low interest emergency loans may be made available to any applicant with a qualifying loss in the counties named above. Approval is limited to applicants who suffered severe physical losses only.

Physical loss loans may be made to eligible farmers and ranchers to repair or replace damaged or destroyed physical property essential to the success of the agriculture 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.

Producers in eligible counties have eight months from the date of the declaration to apply for loans for physical losses.

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 http://disaster.fsa.usda.gov.

 

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