County’s farmers, ranchers in line for disaster loans
Published 11:39 am Thursday, August 25, 2011
Warren County farmers, ranchers and operators may receive flood-related disaster loans as a result of the county’s proximity to areas declared a disaster in Louisiana, a release from the Farm Service Agency said.
Local governments in 15 of the state’s parishes were declared disaster areas Aug. 18 by President Barack Obama for Mississippi River flooding from April 25 to July 7.
The same order made Warren County eligible for federal disaster help under the Consolidated Farm and Rural Development Act because it’s contiguous to the primary natural disaster area. East Carroll, Madison and Tensas parishes were included in the declaration.
Qualifying farmers may borrow up to 100 percent of actual production losses or the amount needed to bring farms back to pre-flood condition, whichever is less. The new loan plus any outstanding balances on previous emergency loans owed by an applicant or member of a farming entity cannot exceed $500,000.