Emergency Loan Program: Who Qualifies and What You Get
Learn how farmers in disaster-declared counties can access low-interest loans to recover from physical or production losses.
This program provides financial assistance to farmers to help them recover from significant losses caused by natural disasters.
Who it's for
This program is specifically designed for farmers who operate within counties that have been officially declared as disaster areas. To be eligible, your farming operations must be located in one of these designated areas as recognized by the government.
What you get
If you qualify, you can access low-interest loans. These funds are intended to provide the necessary capital to help you recover from the impact of a disaster, specifically addressing both physical losses to your property and production losses that affect your ability to farm.
What it costs you
While the loans offer lower interest rates, there is a requirement to provide proof of your situation. You must provide evidence showing that your specific losses were directly attributable to the disaster event in your area.
The catch to know
It is important to understand that this assistance is not automatically available during every period of bad weather. The program only becomes available after a formal disaster designation has been made by the Secretary. You must wait for this official designation to occur before the program can be utilized.
How to apply
- Verify that your specific county has received an official disaster designation.
- Compile all necessary documentation to prove your losses were directly caused by the disaster.
- Reach out to your local agency to discuss your specific situation and the application requirements.
- Visit the official portal for more details: https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/emergency-farm-loans/index