Livingston County is one of five counties that have been declared eligible for Farm Service Agency disaster emergency loan assistance.
The aid is related to execessive rain and related flooding, high winds and hail that has occurred since May 1.
Family farmers who have suffered a loss of at least 30 percent of their production due to excessive rain and related flooding, high winds and hail may be eligible for FSA loans.
Proceeds from crop insurance and any FSA programs are taken into account when determining eligibility for production losses.
Losses must be supported with documented records. Under the FSA Emergency Loan Programs, farmer may be eligible for production loss loans of up to 100 percent of their maximum principal balance outstanding of $500,000 whichever is less. Farmers must be unable to obtain credit from private commercial lenders. The interest rate on Emergency Loans is 2.875 percent.
Other eligible counties include Monroe, Ontario, Seneca and Wayne.
Source - http://thelcn.com/
