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March 1, 2022

Fauquier County farmers may be eligible for federal loans related to 2021 drought

By Staff
FauquierNow.com
Agriculture producers in Fauquier County affected by the 2021 drought may be eligible to receive emergency loans from the United States Department of Agriculture.

Officials with the USDA Farm Service Agency say local producers – including farmers and ranchers – affected by the drought that occurred from May 1, 2021, through Oct. 15, 2021, may be eligible to receive emergency credit for farm-related losses.

According to a USDA news release, the loans may be used to: Replace equipment and livestock; pay all or part of production costs associated with the disaster year; pay essential family living expenses; reorganize the farming operation; and/or refinance certain debts.

Those eligible to receive loans may be producers who: Own or operate land in designated disaster areas; are established family farm operators and have sufficient farming or ranching experience; are citizens or permanent residents of the U.S; have suffered at least 30 percent loss in crop production or a physical loss in livestock, product, real estate or chattel property; have acceptable credit history; are unable to receive credit from commercial sources; can provide collateral to secure loan; and/or have repayment ability.

The application deadline to receive an emergency loan is Oct. 17.

The following counties are eligible for assistance: Buckingham, Loudoun, Smyth, Fauquier, Prince William and Washington.

-James Jarvis, .(JavaScript must be enabled to view this email address)
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