At a time when North Carolina leads the nation in loss of farm land, we cannot afford to lose the Land Loss Prevention Project. Call your reps today.
On July 11, 2012, Agriculture Secretary Vilsack announced that the USDA was reducing the interest rate on Emergency Loans through the USDA Farm Service Agency from 3.75% to 2.25%.
Farmers in disaster-designated counties are eligible to borrow emergency loans for up to the value of their disaster losses. While emergency loans are one of the primary modes of disaster assistance, farmers must still show eligibility and repayment ability in order to qualify.
As the nation responds to one of the worst droughts in decades, it is important to note that a series of the important disaster assistance programs authorized by the 2008 farm…