USDA Offers Low Interest Loans For Farm Repairs In Western Kentucky
FRANKFORT, KY (WOWK) – Several counties in Kentucky that were affected by the deadly tornadoes that ravaged the western part of the state late Friday December 10 through the early hours of Saturday December 11 are now eligible for loans to low interest rate from the US Department of Agriculture.
According to Kentucky Commissioner Dr Ryan Quarles, the loans are intended for physical losses to help producers repair or replace any physical asset essential to their farming operations damaged or destroyed during storms. Physical losses could include essential farm buildings, real estate accessories, equipment, livestock, perennial crops, fruit and nut trees, and harvested or stored crops and hay.
“My office and I have been on the ground in Western Kentucky and witnessed the historic and devastating destruction that befell the region last month,” Quarles said. “Our farmers need funds and resources to keep their businesses going and to rebuild themselves. The low-interest loans offered by the USDA can help some get back on their feet and regain a sense of normalcy. “
Officials say eligible people can go to farmers.gov, the Disaster Assistance Discovery Tool, Disaster Assistance Fact Sheet, and the Farm Loan Discovery Tool to help them determine their program or loan options. Those in need of a loan can contact their USDA Service Center to file a notice of loss or to ask questions about available programs.
The following 24 counties in Kentucky have been designated as primary areas of eligibility by the USDA for low interest physical loss loans:
- Fallen down
The USDA has also designated the following 29 counties in Kentucky as contiguous and also eligible for low-interest loans:
- The street