USDA Announces Additional Assistance for Distressed Farmers Facing Financial Risk
WASHINGTON, March 27, 2023 — The U.S. Department of Agriculture (USDA) today announced that beginning in April it will provide approximately $123 million in additional, automatic financial assistance for qualifying farm loan program borrowers who are facing financial risk, as part of the $3.1 billion to help distressed farm loan borrowers that was provided through Section 22006 of the Inflation Reduction Act (IRA). The announcement builds on financial assistance offered to borrowers through the same program in October 2022.
USDA Announces Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters
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.
Impacted Area: Arkansas
USDA Designates Houston County, Minnesota as Contiguous Natural Disaster Area Due to Drought in Iowa
Additional Contiguous Counties Eligible in Iowa and Wisconsin
Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters – Louisiana Winter Storm – Feb. 13 to Feb. 22, 2021
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: Louisiana
Triggering Disaster: Winter storm that occurred on Feb. 13 to Feb. 22, 2021
USDA Announces Additional Assistance for Distressed Farmers Facing Financial Risk
WASHINGTON, March 27, 2023 — The U.S. Department of Agriculture (USDA) today announced that beginning in April it will provide approximately $123 million in additional, automatic financial assistance for qualifying farm loan program borrowers who are facing financial risk, as part of the $3.1 billion to help distressed farm loan borrowers that was provided through Section 22006 of the Inflation Reduction Act (IRA). The announcement builds on financial assistance offered to borrowers through the same program in October 2022.
USDA Offers Disaster Program Flexibilities for Flood-Impacted Producers in the Northeast
Concord, NH Aug. 15, 2023 – The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) and Risk Management Agency (RMA) have authorized policy flexibilities for key disaster assistance programs and crop insurance to aid Northeast agricultural operations that have been significantly impacted by recent flooding in 2023.