Seeking Help From Capitol Hill
Carroll Smith
"The cons of this option are that the program would be administered by local FSA offices that are already severely overworked, sign-up would likely not be until late summer or early fall with payments coming even later, and many of our producers have never really benefitted from this type program due to its interaction with crop insurance," he adds.
As for increasing the limit for low-interest loans, Barr says, "Producers in disaster-declared counties/parishes automatically become eligible for low-interest loans. The current loan ceiling is $100,000.
"As a result of Hurricanes Gustav and Ike in 2008, many of the producers in Louisiana, Arkansas and Missis-sippi have already hit this ceiling," he explains. "The limit needs to be at doubled at least and potentially raised even higher. This is particularly important for specialty crop farmers."
source : cottonfarming
Carroll Smith
"The cons of this option are that the program would be administered by local FSA offices that are already severely overworked, sign-up would likely not be until late summer or early fall with payments coming even later, and many of our producers have never really benefitted from this type program due to its interaction with crop insurance," he adds.
As for increasing the limit for low-interest loans, Barr says, "Producers in disaster-declared counties/parishes automatically become eligible for low-interest loans. The current loan ceiling is $100,000.
"As a result of Hurricanes Gustav and Ike in 2008, many of the producers in Louisiana, Arkansas and Missis-sippi have already hit this ceiling," he explains. "The limit needs to be at doubled at least and potentially raised even higher. This is particularly important for specialty crop farmers."
source : cottonfarming
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