Farm Service Agency Offering Physical Loss Loans
Thursday, April 4th, 2019 -- 11:48 AM
(Wisconsin Ag Connection) -Wisconsin agricultural producers who lost property due to recent natural disasters may be eligible for USDA physical loss loans.The Farm Service Agency is offering these low-interest loans to farmers in Buffalo, Calumet, Chippewa, Clark, Columbia, Dane, Dunn, Eau Claire, Jackson, Langlade, Lincoln, Manitowoc, Marathon, Marinette, Oconto, Oneida, Pepin, Pierce, Polk, Rusk, St. Croix, Sheboygan, Taylor and Trempealeau counties. Producers in these areas suffered the most damage from multiple winter storms with blizzard conditions, excessive snow, high winds, and extreme cold that occurred between late-January through early-March. 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.
Meanwhile, producers in the contiguous counties of Adams, Barron, Brown, Burnett, Dodge, Florence, Fond Du Lac, Forest, Green, Green Lake, Iowa, Jefferson, Juneau, Kewaunee, La Crosse, Marquette, Menominee, Monroe, Outagamie, Ozaukee, Portage, Price, Rock, Sauk, Sawyer, Shawano, Vilas, Washburn, Washington, Waupaca, Winnebago and Wood are also eligible to apply for emergency loans. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. Applications are due November 25.
Feel free to contact us with questions and/or comments.