San Juan County Farmers and Ranchers Now Eligible for USDA Disaster Emergency Loans

Farmers and Ranchers in San Juan County who suffered physical and/or production losses because of extreme fire hazards may now apply for Farm Service Agency (FSA) Emergency Loans, FSA County Executive Director, Doug Christensen said today.

Farmers and Ranchers who suffered qualifying physical and/or production losses due to extreme fire hazards occurring from June 29 through October 15, 1998, may apply. Loans are currently at a reduced interest rate of 3.75% for an amount not to exceed 80% of the loss incurred. The maximum loan cannot exceed $500,000.00.

Farmers and Ranchers who feel they are eligible may apply for assistance at the Monticello FSA County Office, 32 S. 100 E., Monticello, UT, 84535, (435) 587-2473. The deadline for accepting applications is March 2, 1999.

Farmers and Ranchers are urged to file their applications as early as possible to speed loan approval and processing.

December 29, 1998

SAN JUAN COUNTY ELIGIBLE FOR USDA EMERGENCY LOANS

On July 2, 1998, President Clinton designated the State of New Mexico eligible for Farm Service Agency emergency loans due to physical and production losses. These losses were a result of extreme fire hazards which occurred from June 29 through October 15, 1998.

Therefore, San Juan County was also named as it is contiguous to New Mexico.

Farmers and Ranchers in San Juan County can apply for an emergency loan to cover part of their actual losses and must apply by March 2, 1999. To be eligible, producers must have suffered a 30% loss of normal production, be able to repay the loan and other existing debt, be unable to get credit elsewhere, have adequate security, and must have obtained multi-peril crop insurance or have signed an insurance waiver.

Applications can be picked up at the Monticello Farm Service Agency Office, at 32 S. 100 E., Monticello, UT, 84535, (435) 587-2473.

Posted December 29, 1998