A natural disaster designation makes all qualified farm operators in the designated areas eligible for low interest emergency loans. During times of need, USDA has historically responded to disasters across the country by providing direct support, disaster assistance, technical assistance, and access to credit. USDA's low-interest emergency loans have helped producers recover from losses due to drought, flooding and other natural disasters for decades. The interest rate on emergency loans currently stands at 2.15 percent, providing a competitive, much-needed resource for producers hoping to recover from production and physical losses associated with natural disasters.
The Obama Administration, with Agriculture Secretary Vilsack's leadership, has worked tirelessly to strengthen rural America, maintain a strong farm safety net, and create opportunities for America's farmers and ranchers. U.S. agriculture is currently experiencing one of its most productive periods in American history thanks to the productivity, resiliency, and resourcefulness of our producers. A strong farm safety net is important to sustain the success of American agriculture. USDA's crop insurance program currently insures 264 million acres, 1.14 million policies, and $110 billion worth of liability on about 500,000 farms. In response to tighter financial markets, USDA has expanded the availability of farm credit, helping struggling farmers refinance loans. Since 2009, USDA has provided more than 128,000 loans to family farmers totaling more than $18 billion. Over 50 percent of the loans went to beginning and socially disadvantaged farmers and ranchers.
Visit www.usda.gov/drought for the latest information regarding USDA's drought response and assistance.
The 597 primary counties designated as disaster areas today correspond to the following states: Alabama, 14; Arkansas, 47; Arizona, 4; Colorado, 30; Georgia, 92; Hawaii, 2; Kansas, 88; Oklahoma, 76; Missouri, 31; New Mexico, 19; Nevada, 9; South Carolina, 11; Texas, 157; and Utah, 17. For more information about the specific state designations, visit the Farm Service Agency's disaster designations page.