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Farmers may seek low-interest disaster loans

ST. PAUL - Low-interest loans are available to farmers affected by floods and other severe weather in 28 Minnesota counties.

The Minnesota Rural Finance Authority announced the loan availability Wednesday, following a presidential disaster declaration in April.

Weather-related damages not covered by insurance may allow farmers to receive the loans. For instance, farmers may apply for building repairs or replacement or for purchase of feed to replace lost crops.

Loans will be up to 10 years at 3 percent annual interest. Farmers need to contact their local lenders to seek the loans.

Counties affected are Becker, Beltrami, Chippewa, Clay, Clearwater, Cook, Douglas, Grant, Hubbard, Kittson, Lac Qui Parle, Lake, Lake of the Woods, Mahnomen, Marshall, Norman, Otter Tail, Pennington, Polk, Pope, Red Lake, Roseau, Stevens, Swift, Traverse, Wadena, Wilkin and Yellow Medicine.

Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.
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