Natural disaster area loans available due to drought
MANKATO, Minn. (KEYC) - Multiple counties in Southwest Minnesota have been as primary natural disaster areas due to drought conditions.
Blue Earth and Watonwan counties are the two primary designations in our area.
The designation allows for producers to access emergency loans from the USDA as an effort to recoup losses from drought conditions. Any farmer that at can demonstrate a 30% or more of loss as a result of the drought are eligible.
The declaration comes after drought conditions impacted farmers and other businesses throughout the state last year. It allows emergency credit to those who have faced difficulty from the drought.
Several surrounding counties in Southwest Minnesota are considered contiguous designations, also eligible for the emergency loans.
If you believe you are eligible for these emergency funds, contact your local FSA office.
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