Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters

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.

State: Texas

Triggering Disaster Event: Severe storms and tornadoes that occurred March 21, 2022, through April 12, 2022.

Dairy Producers in South Carolina Reminded to Enroll in 2024 Dairy Margin Coverage by April 29  

COLUMBIA, S.C., April 18, 2024– The U.S. Department of Agriculture (USDA) is encouraging dairy producers to enroll by April 29, 2024, for 2024 Dairy Margin Coverage (DMC), an important safety net program that helps offset milk and feed price differences. This year’s DMC signup began Feb. 28, 2024, and payments, retroactive to January, began in March 2024. So far, DMC payments triggered in January and February of 2024 at margins of $8.48 and $9.44 respectively.

Dairy Producers Reminded to Enroll in 2024 Dairy Margin Coverage by April 29

LINCOLN, Nebraska, April 18, 2024 - The U.S. Department of Agriculture (USDA) is encouraging dairy producers to enroll by April 29, 2024, for 2024 Dairy Margin Coverage (DMC), an important safety net program that helps offset milk and feed price differences. This year’s DMC signup began Feb. 28, 2024, and payments, retroactive to January, began in March 2024. So far, DMC payments triggered in January and February of 2024 at margins of $8.48 and $9.44 respectively.   

USDA Offers Annual Installment Deferral Option for Farm Storage Facility Loan Borrowers

WASHINGTON, Aug. 6, 2020 – To assist Farm Storage Facility Loan (FSFL) borrowers experiencing financial hardship from the pandemic and other challenges in production agriculture, USDA’s Farm Service Agency (FSA) is offering a one-time annual installment payment deferral option. No fees or prepayment penalties apply for borrowers who choose this FSFL loan flexibility option.

Federal Emergency Management Agency Designates 15 Colorado Counties as Primary Natural Disaster Areas

This Presidential disaster declaration allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation, or to refinance certain debts.