DROUGHT LOANS AVAILABLE FOR NM FARMERS, RANCHERS
NEW MEXICO FARMERS AND RANCHERS WHO SUFFERED LOSSES DUE TO THE DROUGHT CAN NOW CAN APPLY FOR AN EMERGENCY LOAN OF UP TO 500-THOUSAND DOLLARS. THE LOANS ARE FROM THE FARM SERVICE AGENCY. THE MONEY CAN BE USED FOR RESTORING OR REPLACING PROPERTY, PRODUCTION COSTS, ESSENTIAL LIVING EXPENSES AND TO REFINANCE CERTAIN DEBTS ASSOCIATED WITH THE DROUGHT.
THE STATE HAS BEEN PLAGUED BY DRY CONDITIONS FOR THE LAST THREE YEARS. AND THE LATEST FEDERAL DROUGHT MAP ALSO SHOWS NEARLY EVERY SQUARE MILE OF NEW MEXICO IS COPING WITH UNUSUALLY DRY CONDITIONS TO EXTREME DROUGHT.
NEW MEXICO FARMERS AND RANCHERS WHO SUFFERED LOSSES DUE TO THE DROUGHT CAN NOW CAN APPLY FOR AN EMERGENCY LOAN OF UP TO 500-THOUSAND DOLLARS. THE LOANS ARE FROM THE FARM SERVICE AGENCY. THE MONEY CAN BE USED FOR RESTORING OR REPLACING PROPERTY, PRODUCTION COSTS, ESSENTIAL LIVING EXPENSES AND TO REFINANCE CERTAIN DEBTS ASSOCIATED WITH THE DROUGHT.
THE STATE HAS BEEN PLAGUED BY DRY CONDITIONS FOR THE LAST THREE YEARS. AND THE LATEST FEDERAL DROUGHT MAP ALSO SHOWS NEARLY EVERY SQUARE MILE OF NEW MEXICO IS COPING WITH UNUSUALLY DRY CONDITIONS TO EXTREME DROUGHT.
