Montana Farm Service Agency is spreading the word among growers in Gallatin, Park and contiguous counties that disaster designations have triggered emergency loan program potential for eligible producers.
Hail damage in the region caused damages and heavy losses for farmers, notes Bruce Nelson, director of the Bozeman, Mont., FSA office.
A total of 48 of the state's 56 counties have now been designated disaster areas for various reasons.
The new declaration includes contiguous counties of Carbon, Stillwater, Sweet Grass, Broadwater, Jefferson, Madison and Meagher.
The designation is for hail and wind storm damage that began on Aug. 1.
Designations in Montana allows all farm and ranch operators to sign up for low interest federal loans (2.875%) provided the prove eligibility. Farmers have eight month to take action on this latest declaration.
The maximum amount of individual loans is $500,000, and can be used to replace essential property damaged, pay production costs associated with the disaster, use the money for living expenses, or refinance some debts, with the exception real estate loans.
In Nevada, emergency conservation program sign-ups have been designated for Humboldt and Lander counties. Drought which has caused substantial losses in the area triggered this FSA designation.
Low cost loans are available for livestock producers under the USDA program which extends cost sharing of 50% for installing eligible temporary measures. Cost sharing for permanent measures is based on 75% of total eligible cost.
Cost share assistance is limited to $200,000 per individual. Approved practices include the following:
•Installation of pipelines or other facilities for livestock water
•Construction or deepening wells for livestock water
•Developing springs or seeps for livestock water
Work cannot begin until a loan is approved, including a site inspection of the problem area by an authorized inspector. Requests for help under the Nevada declaration must be filed before Oct. 11, 2013.