Investment

Lawrence County farmers are eligible for emergency loans – Lawrence County Press

U.S. Department of Agriculture secretary Thomas J. Vilsack has designated six Mississippi counties as major natural disaster areas. Manufacturers of Adams, Franklin, Jefferson Davis, Lawrence, Lincoln, and Wilkinson counties that suffered losses due to excessive rain and flooding that occurred April 10, 2021 through July 12, 2021, may be eligible eligible for USDA Farm Service Agency (FSA) emergency loans.
Farmers who qualify for emergency loans can borrow up to 100% of their actual production loss or the amount needed to restore their operations to pre -disaster condition, either less, or refinancing some. debts. The FSA will review debts based on the extent of losses, available security and ability to repay.
Manufacturers in the contiguous Mississippi counties of Amite, Copiah, Covington, Jefferson, Lamar, Marion, Pike, Simpson, and Walthall are also eligible to apply for emergency loans.
The deadline to apply for emergency loans is May 13, 2022.
The FSA has a variety of additional programs to help farmers recover from the effects of this disaster. FSA programs that do not require a disaster declaration include: Emergency Assistance for Livestock, Honeybees and Farm-Raised Fish Program; Emergency Conservation Program; Livestock Forage Disaster Management Program; Livestock Reduction Program; Farm Operation and Ownership Loans; and the Tree Assistance Program.
Farmers can contact their local USDA service center for more information about eligibility requirements and application procedures for these and other programs. Additional information is also available online at https://www.farmers.gov/recover.

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