Jones County receives disaster designation

Posted July 11, 2013 at 9:28 am

The U.S. Department of Agriculture has designated 83 Iowa counties, including Jones County, as part of a Presidential Major Disaster Designation, according to John R. Whitaker, state executive director for the USDA Farm Service Agency.

Eligible family farmers with qualifying production and physical losses caused by severe storms, tornadoes, and flooding from May 19 through June 14, 2013 may be eligible for low-interest emergency loans.

A total of 47 counties, including Jones, Delaware and Linn counties, were designated as primary disaster areas. Contiguous counties to the designated disaster area include Dubuque, Jackson, Cedar and Clinton counties.

The Farm Service Agency may make Emergency Loans to eligible family farmers which will enable them to return to their normal operations if they sustained qualifying losses resulting from natural disaster. Physical loss loans may be made to eligible farmers to enable them to repair or replace damaged or destroyed physical property, including livestock losses, essential to the success of the farming operation.

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. For production loss loans, the disaster yield must be at least 30 percent below the normal production yield of the crop, on a crop or crops that make up a basic part of the total farming operation.

Applicants must be unable to obtain credit from other usual sources to qualify for the Farm Service Agency Farm Loan Program assistance. The interest rate for emergency loans is 2.375 percent. Each applicant applying for credit will be given equal consideration without regard to race, creed, color, marital status, or national origin.

The repayment for most disaster loans are based on the useful life of the security, the applicant’s repayment ability, and the type of loss. If the loan is secured only on crops, it must be repaid when the next crop year’s income is received. Loans to replace fixtures to real estate may be scheduled for repayment for up to 40 years.

The final date for making application under this designation is March 3, 2014.

Interested farmers may contact their local County FSA office for further information on eligibility requirements and application procedures for these and other programs. Information can also be found on-line at www.fsa.usda.gov.

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