Georgia Developmental Authority to administer loan program to farmers affected by Hurricane Michael
Eligible farmers can receive funds for hurricane relief until other disaster relief and insurance funds are available
From Staff Reports
ALBANY — Disaster assistance is now available for eligible Georgia farmers affected by Hurricane Michael with funds allocated during the special legislative session convened by Gov. Nathan Deal last month.
Farmers eligible for assistance must be suffering a loss to their income as a result of Hurricane Michael. The Georgia Developmental Authority will administer a $55 million loan program provided through the Fiscal Year 2019 Appropriation Act, which was amended to provide emergency funding for state agencies and local governments in areas heavily impacted by the storm.
The purpose of the program is to provide relief to Georgia farmers through the SAFETY 21 Loan Program. These funds are meant to bridge the gap for approved applicants until other disaster relief and insurance funds are available.
The loans have a seven-year term with a graduated rate starting at 1 percent.
Farmers seeking assistance will need to fill out three forms for the application. The first form is the Production Loss Verification Form to be filled out by either a Georgia Development Authority loan specialist, crop insurance agent, county extension agent or by the Farm Service Agency.
The second form for the loan application is the Operating Credit Continuity Agreement to be filled out by the applicant’s operating credit provider, followed by the SAFETY 21 Loan Program application.
The maximum loan amount available is $400,000 per borrower. Estates and publicly held corporations are not eligible.
For more information or to submit an application, visit www.gdaonline.com. Additional information is available at www.agr.georgia.gov.
Related Articles
From Ledo to Coston, Lee County’s summer road projects are underway
Updates provided during recent meetings of the Lee County Board of Commissioners show projects are underway or scheduled to begin on several county roads, while additional transportation improvements funded through the Local Maintenance and Improvement Grant (LMIG) program and Transportation Special Purpose Local Option Sales Tax (T-SPLOST) are expected to begin shortly after the July Fourth holiday.
PSC candidate Peter Hubbard makes case for election to full term
The reason why voters should pick me is I’m a rare breed in that I read everything that comes across my desk. I’m asking hard questions at the meetings. I want to get to the bottom of are data centers paying their fair share, are residential customers getting their fair share.
Dougherty Schools prepare for bell-to-bell student cell phone ban
As Georgia prepares to expand its statewide ban on personal electronic devices in public schools, Dougherty County School System leaders say they are working to balance compliance with the new law while giving individual schools flexibility in how they implement the policy.
