Availability of Low-Interest Physical Loss Loans for Stearns County Producers Affected by Natural Disasters

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.

State: Minnesota

Triggering Disaster Event: High winds, hail and excessive rainfall that occurred on Aug. 28, 2021.

USDA Issuing Approximately $270 Million in Pandemic Assistance to Poultry, Livestock Contract Producers

WASHINGTON, Nov. 18, 2021— The U.S. Department of Agriculture (USDA) has begun issuing approximately $270 million in payments to contract producers of eligible livestock and poultry who applied for Pandemic Assistance. Earlier this year, USDA’s Farm Service Agency (FSA) identified gaps in assistance including in the initial proposal to assist contract growers.

Dairy Margin Coverage Program Provides Critical Support for Dairy Operations

WASHINGTON – Sept. 29, 2023— The August milk margin triggered the eighth consecutive payment for dairy producers who obtained Dairy Margin Coverage (DMC) for the 2023 program year. August’s income over feed margin is $6.46 per hundredweight (cwt.) with projected DMC payments totaling $120 million. To date, including the projected August payments, dairy producers have received more than $1.2 billion in much needed economic support for 2023 and margin forecasts indicate the likelihood of more to come before the end of the calendar year.