The weather this summer has been detrimental to farmers within the lower Midwest. Flash flood damage left the area around Kansas city in a disaster state and help is coming from the U.S.D.A.. There could be emergency loans accessible to those who need a cash until payday because their crops didn’t make it. These farmers have a few months to determine whether or not they need loans. They can file for them later. Interest on the loans is very low. The Midwest has had a lot of damage done with all the rainfall and tornados going through.
Summer rain
There has been a lot of rain in the Midwest. There was much more than normal. There were many storms coming from the Gulf to the Great Lakes. These contain the Milwaukee floods and the Oklahoma tornadoes that caused a lot of problems. Areas around Kansas City have been seriously damaged also. The U.S. Department of Agriculture announced six of seven counties within the Kansas City, Mo., metro area natural disaster areas, and those counties could use some cash now to help rebuild.
Farms aren’t doing so well
Farmers within the region had the summer crops were severely affected by weather throughout the year. Emergency loans will be needed by many, says the Kansas City Business Journal,. This is because flash flood, rain and wind hurt all of these crops. The Department of Agriculture is where farmers who want a low cost loan should be applying. The interest of 3.75 percent is great for numerous. 100 percent of losses can be covered by this. Up to $ 500,000 can be borrowed. Oklahoma has 47 counties considered in disaster when 55 counties in Missouri are announced disaster. This doesn’t include the six from Kansas City.
Mother Nature can take a toll
Many things have been said about Mother Nature. One of these things is how cruel she truly is. Too much rain and wind can wreak havoc in agricultural areas, and that can leave farmers — the people who make sure all of us can eat — in need of fast cash loans that is harder to come by these days.
Further reading
Business Journal
bizjournals.com/kansascity/stories/2010/08/23/daily12.html
No comments:
Post a Comment