Low
Interest Emergency Physical Loss Loans Available for Producers in 39
Illinois Counties
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[April 22, 2022]
Agricultural producers in Illinois
Counties who lost property due to recent natural disasters are
eligible for physical loss loans from the U.S. Department of
Agriculture (USDA). USDA’s Farm Service Agency (FSA) offers these
loans for losses caused by tornadoes, high winds and lightning that
occurred December 10, 2021 through December 11, 2021.
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FSA is offering these low-interest emergency loans to producers
with a qualifying loss. Approval is limited to applicants who
suffered severe physical losses only, including the loss of
buildings and livestock. The deadline for producers in
designated primary and contiguous counties to apply for loans
for physical losses is October 4, 2022.
Physical loss loans can help producers repair or replace damaged
or destroyed physical property essential to the success of the
agricultural operation, including livestock losses. Examples of
property commonly affected include essential farm buildings,
fixtures to real estate, equipment, livestock, perennial crops,
fruit and nut bearing trees, and harvested or stored crops and
hay.
Physical loss loans are subject to the availability of credit
from conventional lenders. The interest rate is currently fixed
at 3.25%. The loan term is determined by the collateral and
repayment ability.
Designated Eligible Primary Illinois counties are:
Bond |
Edgar |
Menard |
Shelby |
Cass |
Fayette |
Montgomery |
Tazewell |
Coles |
Madison |
Moultrie |
Woodford |
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Contiguous counties also Eligible for Illinois are:
Brown |
Douglas |
McLean |
Peoria
|
Champaign |
Effingham
|
Macon
|
Piatt |
Christian |
Fulton
|
Macoupin
|
St.Clair |
Clark |
Jersey
|
Marion
|
Sangamon |
Clay |
LaSalle |
Marshall |
Schuyler |
Clinton |
Livingston |
Mason |
Vermillion |
Cumberland |
Logan |
Morgan |
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Please contact your local FSA office for more information on
loan eligibility and the application process. FSA office
information is available at http://offices.usda.gov. Additional
FSA disaster assistance program information is available at
disaster.fsa.usda.gov.
[Illinois Farm Service Agency]
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