NEW ORLEANS (AP) — A federal disaster declaration announced Monday allows Louisiana farmers affected by early-season drought and late-season rains to seek emergency loans or other aid.The declaration, covering much of the planting and production year, April through October, affects all but one Louisiana parish. It also allows for farmers in more than two dozen neighboring counties, in Mississippi, Arkansas and Texas, to apply for assistance.It’s not clear how many farmers will qualify for the government’s low-interest loan offer.While the program can be useful, allowing farmers, for example, to pay down higher-interest debt, “the overriding issue there is, it’s still another loan they’re going to have to pay for years to come,” said Kurt Guidry, an agricultural economist with the Louisiana State University AgCenter.
Agriculture department declares much of La. disaster
November 30, 2009