Farm Service Agency (FSA), disaster loans are available to farmers in Vernon County who have suffered qualifying damages or losses caused by caused by heavy rainfall, freezing temperatures, thawing and refreezing, resulting in winterkill that occurred Jan. 1-May 15, 2013.
Actual loss loans for production losses will be based on the disaster year production compared to the previous three (3) year production history.
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
Also, the damaged or destroyed property must be essential to the continuation of the operation. Interest rates for actual loss l
oans not to exceed $500,000 will be two and one quarter percent (2.25%).
FSA is prohibited from making loans to applicants who can obtain credit elsewhere.
Farmers who feel they have sustained a qualifying loss and desire more information should check with the FSA office located at: 220 Airport Rd. Viroqua, WI 54665 or call 608-637-2183.
The deadline for filing applications is March 10, 2014.