The weather this summer has been detrimental to farmers within the lower Midwest. Flash flood damage left the area around Kansas city in a disaster state and help is coming from the U.S.D.A.. Emergency loans will be made available for any farmers in certain areas that need some advance cash because of damaged crops. The loans can be filed to receive within the next few months. The loans rate of interest has been determined. The rate is low. Excessive rainfall and a brutal tornado season have caused extensive damage throughout the Midwest.
Heavy summer rains
Extensive rainfall has occurred throughout the Midwest. The Oklahoma tornadoes and Milwaukee floods have been really bad as they were storms from the Gulf region to the Great Lakes. Areas around Kansas City have been seriously damaged as well. The U.S. Department of Agriculture announced six of seven counties within the Kansas City, Mo., metro area natural disaster areas, and those counties could use some cash now to help rebuild.
Farms severely hurting
Farmers within the region had the summer crops were severely affected by weather throughout the year. According to the Kansas City Business Journal, wind, rain, and flash flood damage has wrecked a good portion of this summer’s crops, and emergency cash loans can be made accessible. Farmers wanting low cost loans can apply for them. This is going through the Department of Agriculture. 100 percent of losses could be covered with the 3.75 rate of interest. Farmers can borrow quite a bit. The max is $ 500,000. Oklahoma has 47 counties considered in disaster when 55 counties in Missouri are announced disaster. This doesn’t contain the six from Kansas City.
Mother Nature taking money away
It has been said more than once that Mother Nature could be a cruel mistress. Too much rain and wind can wreak havoc in agricultural areas, and that can leave farmers — the individuals who make certain all of us can eat — in need of payday cash that is harder to come by these days.
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Business Journal
bizjournals.com/kansascity/stories/2010/08/23/daily12.html
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