Farmers who suffered drought damage to crops this year will be able to
apply for low-interest emergency loans through the federal Farm Service
Agency.
The U.S. Department of Agriculture this week designated all of
Michigan, except Keweenaw County, a disaster area due to heavy crop
losses.That means crop yields were down at least 30 percent in one or
more commodity in each of the 72 counties.
Soybeans were hard-hit in the Jackson region, with many farmers
reporting half the normal yields.
Michigan Department of Agriculture Director Dan Wyant said some areas
received less than an inch of rain from mid-June to mid-August, coupled
with some hot days.
Eligible farmers can get loans for up to 80 percent of their losses.
Michigan farmers who don't meet federal qualifications might be able
to get state loans for such things as equipment leases, repairs, feed
and crop insurance.
State Rep. Mickey Mortimer, R-Horton, said this week the House
Appropriations Committee approved House Bill 4009, which would allow the
state treasurer to loan up to $210 million to farmers.
Farmers would have three years to receive the no-interest loan, and
repayment would begin in the fourth year, he said.
A vote before the full House is pending.