Tuesday, September 27, 2022

Emergency loans accessible to Vernon County farmers

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Farm Service Company (FSA) emergency loans can be found to Farmers in Vernon County who’ve suffered extreme bodily losses solely based mostly upon bodily damages and losses brought on by extreme storms that occurred June 13 by way of June 15, 2022.

Precise loss loans for bodily damages to property destroyed or broken shall be based mostly upon the allowable value related to repairing or changing the property destroyed or broken.

Additionally, the broken or destroyed property have to be important to the continuation of the operation. Rate of interest for precise loss loans to not exceed $500,000 is at the moment three and three quarters % (3.750%).

FSA is prohibited from making loans to candidates who can receive credit score elsewhere.

Farmers who really feel they’ve sustained a qualifying loss and want extra info ought to examine with the FSA workplace positioned at 220 Airport Highway, Viroqua.

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The deadline for submitting purposes is Might 14, 2023.

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