Low-interest loans available to Minnesota ag producers hit by natural disasters

U.S. Department of Agriculture
Farm Forum

HURON, S.D. — Minnesota agricultural producers who lost property due to recent natural disasters may be eligible for U.S. Department of Agriculture (USDA) physical loss loans. The Farm Service Agency (FSA) offers these low-interest loans to agricultural producers who incurred losses due to recent natural disasters. Approval is limited to applicants who suffered severe physical losses only, including the loss of buildings and livestock. Applications are due by May 3.

“Minnesota’s hardworking ag producers feed our neighbors, the nation and the world,” said State Executive Director Joe Martin in a news release. “When they suffer losses because of extreme weather, helping them get back on their feet is important. We encourage those affected to reach out to their local USDA service center to apply for these emergency loans.”

Hail and high winds

Physical loss loans are available to eligible agricultural producers in Goodhue County who suffered losses due to hail and high winds that occurred on Aug. 8 through Aug. 9.

Producers in the contiguous Minnesota counties of Dakota, Dodge, Olmsted, Rice and Wabasha, along with Pepin and Pierce counties in Wisconsin, are also eligible to apply for emergency loans.

Excessive rain, high winds and hail

Physical loss loans are available to eligible agricultural producers in Yellow Medicine County who suffered losses due to excessive rain, high winds and hail that occurred on Aug. 8.

Producers in the contiguous Minnesota counties of Chippewa, Lyon, Lac Qui Parle, Redwood, Lincoln and Renville, along with Deuel County, South Dakota, are also eligible to apply for emergency loans.

Hail, high winds and tornado

Physical loss loans are available to eligible agricultural producers in Washington County who suffered losses due to hail, high winds and a tornado that occurred July 17 through July 18.

Producers in the contiguous Minnesota counties of Anoka, Chisago, Dakota and Ramsey, along with Pierce, Polk and St. Croix counties in Wisconsin, are also eligible to apply for emergency loans.

Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural 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.

For more information on FSA disaster assistance programs or to find your local USDA service center, visit farmers.gov/recover.