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Minnesota Zero-Interest Drought Emergency Loans

September 30

The Minnesota Department of Agriculture’s Rural Finance Authority (RFA) Board determined that an emergency exists in Minnesota due to drought, which makes zero-interest loans available immediately for Minnesota farmers whose operations are suffering from lack of rain. The Disaster Recovery Loan Program can be used to help cover lost revenue or expenses not covered by insurance. The funds can be used to help clean up, repair, or replace farm buildings, repair or replace septic and water systems, replace seed, fertilizer (or other cropping inputs), feed, or livestock and poultry. Farmers in Minnesota counties considered to be in severe drought or worse (D2+ on the U.S. Drought Monitor’s designation) and in contiguous counties are eligible to apply.

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Date:
September 30
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