From storm and drought damage to financial challenges, all farmers know the ripple effects of natural disasters and that’s why the U.S. Small Business Administration is working to help rural America recover from declared disasters.
Allan Thomas and Francisco Sanchez with the SBA spoke with RFD-TV’s own Suzanne Alexander on how many declarations are currently impacting U.S. producers, how they are looking to support rural America, and who qualifies for these loans.
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March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.