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   Emergency Farm Loans
   
   When a tornado, flood, or drought strikes, or a quarantine is enforced by the Secretary of Agriculture, or when other natural catastrophes happen, FSA's Emergency loan program is there to assist qualified farmers and ranchers rebuild and recover from continual losses.
   
   The Emergency loan program is activated when a natural catastrophe is designated by the Secretary of Agriculture or a natural disaster or emergency situation is stated by the President under the Stafford Act. These loans assist producers who suffer certifying farm related losses straight triggered by the catastrophe in a county stated or designated as a primary disaster or quarantine area. Also, farmers located in counties that are contiguous to the stated, designated, or quarantined area might certify for Emergency loans.
   
   Resources
   
   Fact Sheet: Emergency Loan Program (PDF, 1.7 MB).
   Fact Sheet: Emergency Disaster and Declaration Process (PDF, 631KB).
   Other FSA Disaster Assistance Programs.
   USDA Disaster Resource Center.
   Direct Loan Making Handbook 3-FLP (PDF, 2.5 MB).
   Access to FEMA Disaster Help and Resources.
   Farmers.gov.
   Application Forms
   
   Download and finish the Emergency Loan Applications and Instructions:
   
   All FSA direct loan applications need the same fundamental forms. Emergency loan demands have 2 additional kinds, the certification of catastrophe losses and loan provider confirmation that business banking help was rejected.
   
   When you meet your FSA county Farm Loan Program staff, you may be asked to complete extra kinds based upon applicable loan program requirements for the loan type.
   
   Emergency Loans Frequently Asked Questions
   
   Loan Purposes
   
   Emergency loan funds may be utilized to:
   
   - Restore or change essential residential or commercial property.
   - Pay all or part of production expenses connected with the catastrophe year.
   - Pay vital family living expenses.
   - Reorganize the family farming operation.
   - Refinance certain non-real estate operating financial obligations.
   Eligibility Requirements
   
   For production losses, a disaster year yield that is listed below the typical production yield of the crop, as figured out by the Agency, is needed. Losses to quality, such as receiving a decreased cost for flood harmed crops, may also be eligible for assistance.
   
   In addition to the general eligibility requirements all loan applicants should meet, there are some additional criteria unique to the Emergency Loan program:
   
   - the loan applicant should be a recognized farmer and either the owner-operator or tenant-operator of the farm at the time of the disaster.
   - loan candidates need to plan to continue farming.
   - loan applicants must get composed declinations of credit from arranged industrial loan provider- If the loan is greater than $100,000 and less than $300,000, just 1 letter is required.
   - If the loan is greater than $300,000, 2 letters of declination are needed.
   - If the loan quantity requested is $100,000 or less, this requirement is determined on a case by case basis at the Agency's discretion.
   
   
   Maximum Loan Limitations
   
   The optimum loan quantity for an Emergency loan is $500,000 yet the amount a loan candidate might receive is restricted to the real quantity of production or physical loss triggered by the disaster. Physical loss loans are based on the quantity needed to replace the lost residential or commercial property, such as kept grain, equipment and animals.
   
   Repayment Terms
   
   Repayment terms are based upon the beneficial life of the security, a payment capability, and the kind of loss included. The repayment schedule will require at least 1 payment every year. Emergency loans for yearly operating expenditures should be repaid within 12 months, and not to go beyond 18 months if a prolonged term is essential for the production cycle of the agricultural commodity.
   
   Rates of interest
   
   Interest rates are determined and published the 1st of each month. The rate of interest charged is always the lower rate in result at the time of loan approval or loan closing for the kind of loan desired.
   
   Additional Information
   
   We encourage you to call your local workplace or USDA Service Center to read more about our programs and the info you will require for a complete application. You likewise need to be able to discover a listing in the phone book in the area set aside for governmental/public companies under the U.S. Department of Agriculture, Farm Service Agency. Our local FSA offices enjoy to assist you.