Low Interest Emergency Physical Loss Loans Available for Three Wisconsin Counties

A tractor in a field of alfalfaThe US Department of Agriculture (USDA) Farm Service Agency (FSA) Acting Administrator Chris Beyerhelm on August 24, 2017 announced that physical loss loans are available for three counties in Wisconsin. Farm operators who have suffered major physical losses caused by a severe thunderstorm and tornados that occurred June 14, 2017 may be eligible for emergency loans.

This Administrator’s Physical Loss Notification has been issued for Brown, Outagamie and Shawano counties as the primary damaged area.

Additionally, 10 Wisconsin counties are contiguous to this designated disaster area, making these producers also potentially eligible for programs based on this designation. The contiguous counties are: Calumet, Kewaunee, Langlade, Manitowoc, Marathon, Menominee, Oconto, Portage, Waupaca and Winnebago.

FSA’s low interest emergency loans may be made available to any applicant with a qualifying loss in the counties named above. Approval is limited to applicants who suffered severe physical losses only.

Physical loss loans may be made to eligible farmers and ranchers to repair or replace damaged or destroyed physical property essential to the success of the agriculture operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees and harvested or stored crops and hay.

Producers in eligible counties have eight months from the date of this declaration to apply for loans for physical losses.

Please contact FSA for more information on loan eligibility and application process. FSA office information information is available at the USDA website. Additional FSA disaster assistance program information is available on the USDA disaster website.

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