Another financial tool has been made available to farmers impacted by bad weather and flooding, now that President Trump has declared parts of Wisconsin a disaster area.
Farm Service Agency State Director Sandy Chalmers tells Brownfield USDA emergency loans are different from other FSA programs. “We always have direct and guaranteed loans available to farmers, but this emergency loan is structured a little bit differently. The current interest rate is 3.75% so that’s a pretty competitive interest rate.”
Chalmers says emergency loans can help the rebuilding process.
