The U.S. Agriculture Department has granted a disaster declaration for 69 of Arkansas’ 75 counties due to the drought.
The designation makes emergency loans available to farmers and ranchers. The approval was announced by Arkansas’ congressional delegation.
The disaster declaration enables farmers to apply for emergency assistance from the Farm Service Agency. Loans can be made to cover replacement or restoration of property, production costs, living expenses and other items.
Many farmers have suffered damage to crops during the drought, and many livestock producers are selling some of their cattle early because of the high cost of feeding the animals.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Bessent Says Hormuz Ships Insurance Program to Start Soon
Viewpoint: Insurance Broker Valuations – The Elephant in the Room
Viewpoint: How Will the Middle East War Affect the Insurance Sector?
US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports 

