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   Emergency Farm Loans
   
   When a twister, 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 help qualified farmers and ranchers reconstruct and recover from sustained losses.
   
   The Emergency loan program is activated when a natural disaster 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 help producers who suffer qualifying farm related losses directly triggered by the disaster in a county stated or designated as a main disaster or quarantine area. Also, farmers located in counties that are contiguous to the stated, designated, or quarantined location may receive 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 complete the Emergency Loan Applications and Instructions:
   
   All FSA direct loan applications need the same basic kinds. Emergency loan demands have 2 extra forms, the certification of catastrophe losses and loan provider verification that business banking support was denied.
   
   When you consult with your FSA county Farm Loan Program staff, you may be asked to finish extra forms 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 vital residential or commercial property.
   - Pay all or part of production costs related to the disaster year.
   - Pay important family living costs.
   - Reorganize the household farming operation.
   - Refinance certain non-real estate operating financial obligations.
   Requirements
   
   For production losses, a catastrophe year yield that is below the normal production yield of the crop, as determined by the Agency, is required. Losses to quality, such as getting a decreased cost for flood damaged crops, might also be qualified for assistance.
   
   In addition to the basic eligibility requirements all loan candidates need to meet, there are some additional criteria distinct to the Emergency Loan program:
   
   - the loan applicant should be an established farmer and either the owner-operator or tenant-operator of the farm at the time of the catastrophe.
   - loan applicants must intend to continue farming.
   - loan applicants should get composed declinations of credit from organized business loan provider- If the loan is higher than $100,000 and less than $300,000, only 1 letter is required.
   - If the loan is greater than $300,000, 2 letters of declination are required.
   - If the loan amount asked for 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 quantity a loan candidate may receive is limited to the actual amount of production or physical loss brought on by the disaster. Physical loss loans are based on the amount needed to change the lost residential or commercial property, such as saved grain, equipment and animals.
   
   Repayment Terms
   
   Repayment terms are based on the helpful life of the security, a loan applicant's repayment capability, and the type of loss involved. The payment schedule will need at least 1 payment every year. Emergency loans for annual operating costs need to be repaid within 12 months, and not to exceed 18 months if a prolonged term is essential for the production cycle of the agricultural commodity.
   
   Rates of interest
   
   Rates of interest are determined and published the 1st of monthly. The interest rate charged is constantly the lower rate in effect at the time of loan approval or loan closing for the type of loan wanted.
   
   Additional Information
   
   We motivate you to call your regional workplace or USDA Service Center to get more information 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 telephone directory site in the section set aside for governmental/public organizations under the U.S. Department of Agriculture, Farm Service Agency. Our local FSA offices enjoy to assist you.