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Low-Interest Loans Available for North Dakota Ag Producers Impacted by Natural Disasters

 

August 8, 2018 | View PDF



FARGO, N.D, - North Dakota agricultural producers who lost property due to recent natural disasters may be eligible for U.S. Department of Agriculture (USDA) physical loss loans. The Farm Service Agency (FSA) offers these low-interest loans for losses caused by two separate disaster events. Approval is limited to applicants who suffered severe physical losses, including the loss of buildings and livestock.

“North Dakota’s hardworking ag producers feed our neighbors, the nation and the world,” said State Executive Director Brad Thykeson. “When they suffer losses because of extreme weather, helping them get back on their feet is important. So, we’re giving affected county producers until March 17, 2019, to apply for these emergency loans.”

High Winds:

Physical loss loans are available to eligible agricultural producers in Emmons County in North Dakota, who incurred losses due to high winds that occurred on June 1, 2018.

Producers in the contiguous counties of Burleigh, Kidder, Logan, McIntosh, Morton and Sioux in North Dakota and Campbell and Corson counties in South Dakota, are also eligible to apply for emergency loans.

High Winds and Hail:

Physical loss loans are available to eligible agricultural producers in McKenzie County, North Dakota, who incurred losses due to high winds and hail that occurred on July 10, 2018.

Producers in the contiguous counties of Billings, Dunn, Golden Valley, Mountrail and Williams in North Dakota and Richland, Roosevelt and Wibaux counties in Montana are also eligible to apply for emergency loans.

Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural 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.

For more information on FSA disaster assistance programs or to find your local USDA service center visit https://www.farmers.gov/.

USDA is an equal opportunity provider, employer and lender.

 

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