Harrison County farmers may be eligible for US Department of Agriculture emergency loans for producers recovering from natural disasters through August next year.
USDA is considering loans to producers in 23 drought-hit Texas counties including Camp, Hopkins, Titus, Wood, Franklin, Knox, Upshur, Baylor, Harrison, Marion, Smith, Delta, Haskell, Morris, Stonewall, Foard, Hunt, Rains, Throckmorton, Gregg, King, Red River and Van Zandt counties.
“According to the U.S. Drought Monitor, these counties suffered a drought intensity score of 1) D2 Drought-Severe for 8 or more consecutive weeks or 2) D3 Drought-Extreme or D4 Drought-Extraordinary during the growing season,” a USDA statement said indeed.
A D1 USDA drought classification describes droughts with unusually dry conditions with short-term drought and “persistent water shortages,” according to the National Drought Mitigation Center at the University of Nebraska-Lincoln. Droughts with a D3 or D4 classification typically show signs of major to widespread crop losses and water scarcity or emergencies.
“Emergency loans can be used to meet various recovery needs, including replacing essential items like equipment or livestock, restructuring a farm, or refinancing specific debt. The FSA will review the loans based on the extent of losses, collateral available and ability to repay,” the statement said.