Farm Programs Meant Millions to Kentucky in 2007
The Farm Service Agency (FSA) released a list of loans and grant programs given to GUARANTEED LOAN PROGRAM - $177.7 million dollars $78.2 Million– 1387 direct and guaranteed loans. Of that, 1,084 were direct loans for $28+ million, making $39.9 Million– 190 loans to purchase farmland, construct, repair/improve buildings, refinance debt. $38.3 Million – 1,196 operating loans- purchase livestock, equipment, feed, seed, farm chemicals and supplies and refinance debt. $15.2 Million – 93 loans to beginning farmers who could not qualify for convention loans. $ 6.1 Million to 213 “socially disadvantaged” groups – those who because of race, gender, ethic prejudice could not get conventional loans. PROGRAMS - $353 million dollars $80.5 Million – direct payments to eligible producers who enroll their farms each fiscal year. $31.8 Million – 452 market assistance loans – interim financing at harvest time $ 1.8 Million – Farm Storage Facility Loans to build, upgrade farm storage and handling facilities. $ 2.1 Million – Milk Income Loss Payments – payments to dairy farmers when domestic milk prices fall below a specified level. $15.4 Million - Crop Disaster Assistance – payment for losses to the 2005 crop caused by storms, wind, excessive rainfall. $ 1.0 Million – Livestock Compensation Program – feed losses for livestock or catfish producers with feed losses or additional expense because of natural disasters. $ 29.5 Million – Conservation Reserve Program – rental payments to restore long term covers to eligible land. $ 2.1 Million – Conservation Enhancement Program – federal, state, local partnership to address significant ag related concerns on the $176 Million – Tobacco Transition Program – Tobacco marketing program ended in 2004 crop. Payments began in 2005 to replace tobacco support programs and will continue to 2014. $181,771 Thousand - Market Gains and Loan Deficiency payments – for those who forego marketing assistance. This program is down from 2004 when it hit $30 million. $233,142 Thousand – Emergency Conservation payments – funds to help farmers rehabilitate farmland damaged by natural disaster.
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