NORTH MISSISSIPPI — The U.S. Department of Agriculture has designated 15 counties in Tennessee as primary natural disaster areas due to losses caused by severe storms, tornadoes, winds and flooding that began April 23 and continues.
Mississippi farmers and ranchers in Alcorn, Benton, DeSoto, Marshall, Tippah and Tishomingo counties also qualify for natural disaster assistance because their counties are contiguous to the primary disaster area.
All counties were designated natural disaster areas July 24, making all qualified farm operators in the designated areas eligible for low-interest emergency (EM) loans from USDA’s Farm Service Agency (FSA), provided eligibility requirements are met. Farmers in eligible counties have eight months from the date of the declaration to apply for loans to help cover part of their actual losses. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment ability. FSA has a variety of programs, in addition to the EM loan program, to help eligible farmers recover from adversity.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info