The lower Midwest weather this summer has hurt farmers. The U.S.D.A. just wants to help the area surrounding Kansas City. Following the flash floods, damage left the area in a disaster state. Farmers need advance on cash because of damaged crops could have loans accessible to them. Months are given in time to file the loans. Low interest is given on all loan. Excessive rainfall and a brutal tornado season have caused extensive damage throughout the Midwest.
Summer heavy rains
The Midwest got a lot of rain. The Oklahoma tornadoes and Milwaukee floods have been really bad as they were storms from the Gulf region to the Great Lakes. Around Kansas City there has been a lot of difficulties. Being around there was bad for anyone. The counties in Kansas City, Mo., metro area could use some additional cash following the U.S. Department of Agriculture announced seven counties to have had natural disasters. The U.S. Department of Agriculture says natural disasters occurred in seven counties in the Kansas City, Mo., metro area. This means that those counties need just a little additional cash to get back on their feet.
Farms severely hurting
Farmers in the region had the summer crops were severely affected by weather throughout the year. The Kansas City Business Journal, reports that summer crops were hurt by rain, flash flood and wind meaning emergency money could be needed. Farmers who wish to take out these low cost loans can file for loans through the Department of Agriculture. 100 percent of losses could be covered with the 3.75 rate of interest. Up to $ 500,000 can be borrowed. Oklahoma has 47 counties considered in disaster when 55 counties in Missouri are declared disaster. This doesn’t include the six from Kansas City.
Mother Nature taking money away
Many say Mother Nature isn’t kind. Farmers do a good job of feeding us all, although too much rain means ruined crops for most areas.
Find more info on this subject
Business Journal
bizjournals.com/kansascity/stories/2010/08/23/daily12.html
No comments:
Post a Comment