Business and the Economy
Streamlining Drought Assistance Process
Federal changes in disaster designation procedures could benefit drought stricken farmers across Kentucky. Governor Beshear says he applauds U.S. Agriculture Secretary Tom Vilsack’s work to speed up the process. The Ag secretary says the process for disaster declarations will be simplified and cut the processing time nearly in half for most counties.
Vilsack also announced a reduced interest rate for emergency loans. A natural disaster designation makes all qualified farm operators eligible for low interest emergency loans. 26 Kentucky counties have been named primary disaster areas due to the drought. More than 900 counties in 29 states have been declared disaster areas.