Farmers in the lower Midwest are hurting from the bad weather this summer. 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 could have loans accessible to them. Months are given in time to file the loans. The loans will be incredibly low interest loans. The Midwest has had a lot of damage done with all the rainfall and tornados going through.
Rain storms during the summer
There has been a lot of rain in the Midwest. There was much more than normal. The Oklahoma tornadoes and Milwaukee floods are really bad as they were storms from the Gulf region to the Great Lakes. Kansas city has seen a lot of pain also. The counties in Kansas City, Mo., metro area could use some extra cash following the U.S. Department of Agriculture announced seven counties to have had natural disasters. The U.S. Department of Agriculture says natural disasters occurred in seven counties Kansas City, Mo., metro area. This means that those counties need just a little additional cash to get back on their feet.
Farms aren’t doing so well
The weather has hurt the summer crops of the farms within the area. Emergency money will be needed by numerous, says the Kansas City Business Journal,. This is because flash flood, rain and wind hurt all of these crops. Farmers who wish to take out these low cost loans can file for loans through the Department of Agriculture. The rate of interest will be set at 3.75 percent, and the amount can be up to 100 percent of losses. People can borrow money in amounts up to $ 500,000. Aside from the six counties around Kansas City, there are 55 counties in Missouri and 47 counties in Oklahoma that have been declared disaster areas due to extreme weather in that area.
Mother Nature making a difference
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
