U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Chris Beyerhelm last week announced that physical loss loans are available for two counties in Colorado.
U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Chris Beyerhelm last week announced that physical loss loans are available for two counties in Colorado. Farm operators who have suffered major physical losses caused by blizzard, excessive snow, freeze, excessive rain and high winds that occurred April 28 through May 1, 2017, may be eligible for emergency loans.
This Administrator’s Physical Loss Notification has been issued for Baca and Prowers counties as the primary damaged area. Additionally, three Colorado counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Bent, Kiowa and Las Animas.
The following contiguous counties in surrounding states are also eligible for emergency loans:
Kansas: Greeley, Hamilton, Morton and Stanton counties
New Mexico: Union County
Oklahoma: Cimarron County
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.