The lower Midwest weather this summer has hurt farmers. Flash flood damage left the area around Kansas city in a disaster state and help is coming from the U.S.D.A.. Farmers need advance on cash because of damaged crops will have loans accessible to them. The loans can be filed to receive in the next few months. The loans interest rate has been determined. The rate is low. The Midwest has seen a lot of damage this year. Tornados and a ton of rain have caused damage.
Heavy summer
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 include the Milwaukee floods and the Oklahoma tornadoes that caused a lot of problems. Kansas city has seen a lot of pain also. The U.S. Department of Agriculture announced six of seven counties in the Kansas City, Mo., metro area natural disaster areas, and those counties could use some easy cash loans to help rebuild.
Damage to farms
The weather has hurt the summer crops of the farms in the area. According to the Kansas City Business Journal, wind, rain, and flash flood damage has wrecked a good portion of this summer’s crops, and emergency money will be made available. Farmers who wish to take out these low cost loans can file for loans through the Department of Agriculture. The rate of interest could be set at 3.75 percent, and also the amount could be up to 100 percent of losses. Up to $ 500,000 can be borrowed. Not counting the six Kansas City counties, disaster has been declared on 55 counties in Missouri and 47 counties in Oklahoma.
Mother Nature taking money away
Many say Mother Nature isn’t really kind. Farmers do a good job of feeding us all, although too much rain means ruined crops for most areas.
Further reading
Business Journal
bizjournals.com/kansascity/stories/2010/08/23/daily12.html
