Farms and agricultural businesses play a major role in our
state’s economy and continued growth. Since 1985, WHEDA has supported agricultural
based businesses through its loan guarantee products.
CROP is a financing resource for farmers that provides guarantees on agricultural production loans.
FARM is a loan guarantee for agricultural producers who want to start, expand or modernize their operations.
Production Disaster Assistance Loan Guarantee Program was specifically designed
to offer a financial resource to Wisconsin farmers who have suffered damage
from extensive flooding, drought, or other natural disasters.
eligible for this loan guarantee program, a farmer must be unable to obtain
conventional financing at reasonable terms. A farmer must demonstrate the
likelihood of repayment and available collateral. Finally, the costs to be
covered must be related to acts of nature where the Governor has issued a
declaration of disaster.
August 9, 2016, Governor Scott Walker announced a
Federal Emergency Management Agency (FEMA) major disaster declaration
for northern Wisconsin counties impacted by July 2016 flooding. The
counties named in the declaration are Ashland, Bayfield, Burnett, Douglas,
Florence, Iron, Sawyer and Washburn Counties and the Bad River Band
of the Lake Superior Chippewa Tribe.
Farmers affected by the July 2016 northern floods can use the Disaster
Assistance Loan Guarantee Program for
fertilizer, seed, fuel, pesticides, herbicides, land rent, equipment rental and
repair, animal feed, water delivery in connection with commodities adversely
impacted, utility bills for the production of an agricultural commodity, and labor
costs directly related to planting and harvesting a commodity.