Agency
Program Site
Description
Emergency Loans (EL) help farmers and ranchers recover from production and physical losses due to drought, flooding, other natural disasters or quarantine. The Emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or a natural disaster or emergency is declared by the President under the Stafford Act.
Eligibility
For production losses, a 30% reduction in a primary crop in a designated or contiguous county is required. Losses to quality, such as receiving a reduced price for flood damaged crops, may be eligible for assistance. In addition to the general eligibility requirements all loan applicants must meet, there are some additional criteria unique to the Emergency Loan program see website.
Climate Change Component
More extreme weather events are expected to occur with changing climates. This program will provide farmers and ranchers with a loan to rebuild after sustained losses due to a disaster.