Mr. Tim Kelley, State Executive Director, Farm Service Agency, announced effective July 11th, 2008, 29 counties in Missouri including Worth, Gentry, and Nodaway Counties will have FSA Disaster Loans available due to severe storms and flooding which occurred June 1st, 2008 and continuing.
Applications for assistance will be accepted at the Worth County office of the Farm Service Agency for physical and production losses caused by this disaster. Applications will be accepted through March 11th, 2009.
Loans for physical losses must be used to replace or repair damage to buildings, fences, or to compensate the farmer for losses of basic livestock, stored crops, or supplies on hand, equipment, etc., that was lost due to the disaster. Loans for production losses may also be used to buy seed, fertilizer, livestock, or to make payments on real estate or chattel debts. Generally, loans for production losses cannot be approved until crops have completed their production cycle or have been harvested.
In order to qualify, a farmer must have suffered a 30% loss in production or an actual physical loss that was essential to the successful operation of the farm.
Loans for actual losses are made at an interest rate of 3.75% for emergency loans to those eligible applicants who are unable to obtain the actual credit needed from another source. All loan programs of the Farm Service Agency are conducted on a non-discriminatory basis.
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