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County farmers may get emergency loans
Published Monday, October 6, 2008
NATCHEZ — Farmers, ranchers and other producers in the area may be eligible for emergency loans following the recent presidential disaster declaration.
Adams County was one of eight Mississippi counties that are included in the areas eligible for aid following the presidential declaration of disaster in the wake of Hurricane Gustav, Farm Service Agency Farm Loan Manager David K. Smith said in a statement.
The loans will be available through the Lincoln and Pike County office of the Farm Service Agency.
Those who qualify for the emergency loans have the option of borrowing as much as 100 percent of their actual production loss, or they may borrow whatever amount is needed to return their operation to its condition before the disaster, depending on which one is less.
However, the loans and the principal outstanding balance of any other loan owned by an individual borrower or a borrower within a business entity cannot exceed $500,000.
Loans from the Farm Service Agency are designed to cover losses from designated disasters, and are offered to farmers who cannot obtain credit from other lending agencies in the area.
The Lincoln County FSA office can be reached at 601-833-9321 extension 2, and the Pike County office can be reached at 601-684-2584 extension 2.
Other counties included in the disaster designation include Amite, Claiborne, Copiah, Franklin, Lawrence, Lincoln and Pike Counties.
Comments
Posted by beammeupscotty (anonymous) on October 6, 2008 at 7:20 a.m. (Suggest removal)
At some point it would seem farmers could put enough back to plant the following season without borrowing. Of course most farmers I know have a good season and buy new fancy trucks, bass boats and hunting toys. Spend all you got boys the government is there to bail you out.
Posted by Yeahuhuh (anonymous) on October 6, 2008 at 1:26 p.m. (Suggest removal)
I talked to a farmer once who was all for George Bush. He said that Clinton was going to stop his subsidy -- and that Gore would do likewise -- and that Bush wanted to extend the farm subsidy program.
Wonder how things would be going if Bush had never come along.
Posted by obamayamama (anonymous) on October 6, 2008 at 3:17 p.m. (Suggest removal)
HOW IS THIS COUNTRY GOING TO BE RID OF FOREIGN OIL IN 10 YEARS WHEN BARACK OBAMA IS AGAINST DRILLING OF THE GULF OF MEXICO CONTINENTAL SHELF (which is responsible for over 25% of the United States oil)?????
ANSWER IT YEAHUHUH, QUIT RUNNING and QUIT DANCING AROUND THIS QUESTION AND ANSWER IT.
Obama stated this country will be rid of foreign oil in 10 years, tell me how (and let's not forget the stock market is now below 10000 which means fundage for alternative fuel is decreasing).
This question is to you.
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