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Home Local News

Producers in Henry County, Martinsville may be eligible for USDA emergency loans

March 6, 2020
in Local News
Reading Time: 2 mins read
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Patrick County was designated a primary natural disaster area, which means that producers who suffered losses due to drought that occurred July 15 through Oct. 31, 2019, may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.

This natural disaster designation allows FSA to extend much-needed emergency credit to producers recovering from natural disasters. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts.

Producers in the contiguous Virginia counties of Carroll, Floyd, Franklin, Henry, and the City of Martinsville, along with Stokes and Surry counties in North Carolina, are also eligible to apply for emergency loans.

The deadline to apply for these emergency loans is Oct. 19, 2020.

FSA will review the loans based on the extent of losses, security available and repayment ability.

FSA has a variety of additional programs to help farmers recover from the impacts of this disaster. FSA programs that do not require a disaster declaration include: Emergency Assistance for Livestock, Honeybees and Farm-Raised Fish Program; Emergency Conservation Program; Livestock Forage Disaster Program; Livestock Indemnity Program; Operating and Farm Ownership Loans; and the Tree Assistance Program.

Farmers may contact the Patrick County USDA Service Center for further information on eligibility requirements and application procedures for these and other programs. Additional information is also available online at farmers.gov/recover.

USDA is an equal opportunity provider, employer and lender.

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