USDA is providing emergency loans to growers in all Louisiana parishes recovering from droughts

0

NEWS

USDA is providing emergency loans to growers in all Louisiana parishes recovering from droughts

May 4, 2022

For immediate release:

May 4, 2022

Contact: Jennifer Finley, Press Secretary – 225-922-1256 Megan Moore, Director of Public Information – 225-935-2179 [email protected]

USDA is providing emergency loans to growers in all Louisiana parishes recovering from droughts

RED STICK

Over the past two weeks, the United States Department of Agriculture (USDA) has issued several stakeholder advisories for declarations of natural disasters due to drought. These Secretariat natural disaster designations allow the USDA Farm Service Agency (FSA) to provide much-needed emergency credit to producers recovering from a natural disaster through emergency loans. Emergency loans can be used to meet a variety of recovery needs, including replacing critical items such as equipment or livestock, reorganizing a farm operation, or refinancing certain debts. The FSA will review loans based on the extent of losses, available collateral and ability to repay.

“We urge every farmer to contact their local agricultural service agency for program eligibility requirements,” said LDAF Commissioner Mike Strain, DVM. “The deadline for applying for help varies depending on the notice, but they all fall in December.”

Each parish in Louisiana is covered as a primary disaster area or contiguous parish. According to the US Drought Monitor, these parishes experienced a growing season drought intensity rating of 1) D2 Drought-Severe for eight or more consecutive weeks or 2) D3 Drought-Extreme or D4 Drought-Exceptional.

To view the advisories, visit The USDA Designates 56 Louisiana Parishes as Primary Natural Disaster Areas and the USDA Designates Two Louisiana Parishes as Primary Natural Disaster Areas.

To contact your local FSA office, visit the USDA Service Center Locator.

More resources

On farmers.gov, the Disaster Assistance Discovery Tool, Disaster Assistance At-a-Glance Fact Sheet, and Farm Loan Discovery Tool can help determine program or loan options. To file a Notice of Loss or to ask about available programs, contact your local USDA Service Center.

###

Share.

About Author

Comments are closed.