Phillips County News - One Nation, Under God

USDA Offers Low-Interest Loans for Agricultural Producers in Montana Impacted by Natural Disasters

 

November 18, 2020



Montana 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 to agricultural producers in Big Horn, Garfield, Musselshell, Rosebud and Treasure counties who incurred losses due to high winds and wildfire that occurred since Sept. 2, 2020. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. Applications are due by June 21, 2021.

“Montana’s hardworking ag producers feed our neighbors, the nation and the world,” said State Executive Director Michael Foster. “When they suffer losses because of extreme weather, helping them get back on their feet is important. We encourage those affected to reach out to their local USDA Service Center to apply for these emergency loans.”

Producers in the contiguous counties below are also eligible to apply for emergency loans:

Montana: Carbon, Custer, Fergus, Golden Valley, McCone, Petroleum, Phillips, Powder River, Prairie, Valley and Yellowstone

Wyoming: Big Horn and Sheridan

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 farmers.gov/recover.

USDA is an equal opportunity provider, employer and lender.

 

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