Worth County Eligible for FSA Disaster Loans

Mr. Edward Hamill, State Executive Director, Farm Service Agency, announced effective March 23, 2011 that 86 Missouri counties will have FSA disaster loans available due to severe winter storms and snowstorms which occurred January 31 to February 5 2011. Applications for assistance will be accepted at the county office of the Farm Service Agency at Worth County for physical and production losses caused by this disaster. Applications will be accepted through November 21, 2011.

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, feed, fertilizer, and 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 credit needed from another source. All loan programs of the Farm Service Agency are made on a non-discriminatory basis.