USDA designates 31 counties in Wisconsin as Primary Natural Disaster Areas
Lincoln County is among 31 Wisconsin counties recently designated by the USDA in a primary natural disaster area. On Nov. 28, Agriculture Secretary Tom Vilsack designated Lincoln County as part of a group of counties that suffered losses due to unseasonable warm weather followed by frost and freezes that occurred March 1- June 11, 2012.
"The counties announced in the Secretarial Disaster Designation have the opportunity to access low interest emergency loans through the Farm Service Agency (FSA). These loans are available to producers who have suffered qualifying damages or losses from the current drought," said Matthew Peplinski, Lincoln/Langlade FSA County Executive Director. "The deadline to file for a disaster loan is July 29, 2013."
Actual loss loans for producers losses will be based on the disaster year production compared to the previous three year production history. The actual loss loans for physical damages to property destroyed or damaged will be based upon the allowable cost associated with repairing or replacing the property destroyed or damaged. In addition, the damaged or destroyed property must be essential to the continuation of the operation. Interest rates for actual loss loans that do not exceed $500,000 will be 2.125 percent.
Producers who feel they have sustained a qualifying loss and are interested in more information may contact their local county FSA office.
"The counties announced in the Secretarial Disaster Designation have the opportunity to access low interest emergency loans through the Farm Service Agency (FSA). These loans are available to producers who have suffered qualifying damages or losses from the current drought," said Matthew Peplinski, Lincoln/Langlade FSA County Executive Director. "The deadline to file for a disaster loan is July 29, 2013."
Actual loss loans for producers losses will be based on the disaster year production compared to the previous three year production history. The actual loss loans for physical damages to property destroyed or damaged will be based upon the allowable cost associated with repairing or replacing the property destroyed or damaged. In addition, the damaged or destroyed property must be essential to the continuation of the operation. Interest rates for actual loss loans that do not exceed $500,000 will be 2.125 percent.
Producers who feel they have sustained a qualifying loss and are interested in more information may contact their local county FSA office.
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