Farm Service Agency (FSA) disaster loans are available to Farmers in Vernon County who have suffered qualifying damages or losses caused by severe storms, tornadoes, straight line winds, and flooding, that occurred beginning June 14-23.
Actual loss loans for production losses will be based on the disaster year production compared to the previous three 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 loans not to exceed $500,000 will be 3.125 percent.
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 Road, Viroqua, WI 54665.
The deadline for filing applications is March 24, 2015.