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USDA Designates Wisconsin Counties Natural Disaster Areas
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On September 13, 2013, the FSA Administrator issued a disaster notification for fifteen Wisconsin counties based on physical damages and losses caused by severe storms with high winds and tornadoes that occurred on August 6, 2013 and August 7, 2013.


Source: USDA Farm Service Agency

USDA Designates Fifteen Wisconsin Counties Natural Disaster Areas due to Severe Storms


On September 13, 2013, the FSA Administrator issued a disaster notification for fifteen Wisconsin counties based on physical damages and losses caused by severe storms with high winds and tornadoes that occurred on August 6, 2013 and August 7, 2013.

The primary counties announced in the Administrators Physical Loss Notification include: Brown, Calumet, Kewaunee, Outagamie, Waupaca, and Manitowoc.
 
Producers in the following counties also qualify for emergency loans because their counties are contiguous: Door, Fond du Lac, Marathon, Oconto, Portage, Shawano, Sheboygan, Waushara, and Winnebago.
 
All qualified farm operators these counties are 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.
 
Actual loss loans for physical damages to property destroyed or damaged will be based upon the allowable cost associated with repairing or replacing the property destroyed or damaged. In addition, the damaged or destroyed property must be essential to the continuation of the operation.
 
Interest rates for actual loss loans that do not exceed $500,000 will be the loan rate in effect the date the loan is approved or disbursed. The current October interest rate is 2.875% percent.
 
FSA is prohibited from making loans to applicants who can get credit elsewhere. Producers who feel they have sustained a qualifying loss and are interested in more information may contact their local county FSA office located in USDA Service Centers throughout Wisconsin. The deadline for filing applications is May 13, 2014.