Lawrenceburg Now

Thursday, June 3, 2010

Counties Eligible For Farm Service Agency Disaster Loans

Emergency loans for farmers, ranchers, and operators are available through the Lawrence/Wayne County Office of the USDA Farm Service Agency,
Terrie C. White, Farm Loan Manager, said today.

Farm Service Agency’s State Executive Director, Eugene E. Davidson, said this authority is pursuant to President Obama’s declaration of a major disaster in Tennessee, caused by severe storms, flooding, straight line winds, and tornadoes, which occurred from April 30, 2010 through May 18, 2010.  As a result of this major disaster Lawrence and Wayne Counties, as a primary county in Tennessee, is named as an area eligible for Federal disaster assistance pursuant to the provisions of Section 321 (a) of the Consolidated Farm and Rural Development Act.

Primary and contiguous counties in Tennessee are eligible for the FSA Emergency Loans. Primary counties include Benton, Cannon, Carroll, Cheatham, Chester, Clay, Crockett, Davidson, Decatur, DeKalb, Dickson, Dyer, Fayette, Gibson, Giles, Hardeman, Hardin, Haywood, Henderson, Hickman, Houston, Humphreys, Jackson, Lauderdale, Lawrence, Lewis, Macon, Madison, Marshall, Maury, McNairy, Montgomery, Obion, Perry, Pickett, Robertson, Rutherford, Shelby, Smith, Stewart, Sumner, Tipton, Trousdale, Wayne, Williamson, and Wilson.

Applications for assistance in the disaster stricken counties are currently being accepted by the Farm Service Agency.  Farmers qualifying for emergency loans may borrow up to 100 percent of their actual production or physical loss, not to exceed a maximum of $500,000 or the amount actually needed, whichever is less.

FSA Emergency Loans cover losses from designated disasters and are made to qualified farmers who cannot obtain necessary credit from other lenders in the area.

To obtain further information, contact Terrie White, Farm Loan Manager of the Farm Service Agency office located at 237 Waterloo St., Lawrenceburg, TN 38464 or call (931)762-6913, ext. 2.

 

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