Weatherford Democrat

Top News

December 31, 2012

Parker among 12 counties eligible for farm loans

Applications for emergency farm loans are being accepted at the Farm Service Agency office located in Stephenville, said Farm Loan Manager Cynthia P. Kruger. The loans are to help producers who have suffered losses because of drought beginning Dec. 11.

Parker County is one of 12 other counties in Texas recently named disaster areas by Secretary of Agriculture, Tom Vilsack.

Cynthia P. Kruger said farmers may be eligible for loans of up to 100 percent of their actual losses or the operating loan needed to continue the agricultural business, whichever is less. For farmers unable to obtain credit from private commercial lenders, the interest rate is 3.75 percent.

“As a general rule, a farmer must have suffered at least a 30 percent loss of crop production or suffered any physical loss to be eligible for an FSA emergency loan under this disaster designation”, Cynthia P. Kruger said.  Producers participating in the Federal Crop Insurance program will have to consider proceeds from those programs in determining their production loss.  Additionally, any insurance proceeds received by producers as a result of the physical loss will have to be considered in determining their total loss.

“Applications for loans under this emergency designation will be accepted until designated final date, but farmers should apply as soon as possible.  Delays in applying could create backlogs in processing, with possible delays into the new farming season”, Cynthia P. Kruger said.

FSA is a credit agency of the U.S. Department of Agriculture.  It is authorized to provide disaster emergency loans to recognized farmers who work at and rely on farming for a substantial part of their living.  Eligibility is extended to individual farmers who meet U.S. citizenship requirements and to farming partnerships, corporations, or cooperatives in which U.S. citizenship requirements are met by individuals holding a majority interest.

The FSA office in Stephenville is open from 8 a.m. to 4:30 p.m., Monday through Friday.  Additional information regarding Disaster Assistance Programs can be found online at disaster.fsa.usda.gov.

1
Text Only
Top News
Must Read
Top News
House Ads
AP Video
Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins
Poll

The City of Weatherford is considering an ordinance that would ban smoking inside restaurants and enclosed areas where food is prepared, sold or consumed. Do you agree with this proposal?

Yes
No
Undecided
Don't care
     View Results