Henry County Enterprise

Producers in Henry County, Martinsville may be eligible for USDA emergency loans

Patrick County was designated a primary natural disaster area, which means that producers who suffered losses due to drought that occurred July 15 through Oct. 31, 2019, may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.

This natural disaster designation allows FSA to extend much-needed emergency credit to producers recovering from natural disasters. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts.

Producers in the contiguous Virginia counties of Carroll, Floyd, Franklin, Henry, and the City of Martinsville, along with Stokes and Surry counties in North Carolina, are also eligible to apply for emergency loans.

The deadline to apply for these emergency loans is Oct. 19, 2020.

FSA will review the loans based on the extent of losses, security available and repayment ability.

FSA…


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