Comment: Here comes the gov. to the rescue: low interest loans to farmers

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SteveMT's picture

Here comes the gov. to the rescue: low interest loans to farmers

[Like a broken record, more debt is the answer.]
USDA Declares Disaster in 26 States as Drought Sears Midwest
Alan Bjerga – 2 hours 9 minutes

More than 1,000 counties in 26 states are being named natural-disaster areas, the biggest such declaration ever by the U.S. Department of Agriculture, as drought grips the Midwest.

The declaration makes farmers and ranchers in 1,016 counties eligible for low-interest loans to help them weather the drought and other disasters, Agriculture Secretary Tom Vilsack said today. The USDA is also changing procedures to allow disaster claims to be processed more quickly, Vilsack said.
http://finance.yahoo.com/news/usda-declares-disaster-26-stat...