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USDA Announces Availability of Low-Interest Physical Loss Loans for Four Iowa Counties

Physical loss loans through the United States Department of Agriculture’s (USDA) Farm Service Agency (FSA) 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.

Triggering Disaster #1

USDA Announces Loan Maturity for Marketing Assistance Loans Now Extended to 12 Months

Provides Producers with Marketing Flexibilities Amid COVID-19 Uncertainties

WASHINGTON, D.C., April 9, 2020 – Agricultural producers now have more time to repay Marketing Assistance Loans (MAL) as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities.

USDA Designates Seven Minnesota Counties as Primary Natural Disaster Areas

Emergency Support to Producers in Surrounding Counties/Border States Also Available

WASHINGTON, Feb. 11, 2020 — Agriculture Secretary Sonny Perdue designated seven Minnesota counties as primary natural disaster areas. Producers who suffered losses due to recent weather events may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.