Release: October 26, 2006
AGRICULTURAL EMERGENCY LOANS AVAILABLE FOR EARTHQUAKE RECOVERY
HONOLULU Â– Farmers suffering damage from the October 15th earthquake may be eligible for low-interest loans from the Hawaii Department of Agriculture (HDOA) Agricultural Loan Division. Agricultural loan officers will be available at the stateÂ’s Disaster Assistance and Recovery Centers (DARC), which will open tomorrow through Tuesday to provide information and help farmers complete application forms.
Â“We urge all farmers
who have suffered direct or indirect damage from the earthquake to come
to the assistance centers and talk to our loan officers,Â” said Sandra
Lee Kunimoto, chairperson of the Hawaii Board of Agriculture. Â“The
effects of this disaster may be prolonged for farmers due to the
extensive damage to irrigation systems, so it is important that farmers
start the application
In addition to Big Island staff, loan officers from Oahu will be available to assist island farmers at the DARC locations from Friday (10/27) through Tuesday (10/31) from 9:00 a.m. to 6:00 p.m. at:
Waimea: Waimea Family YMCA, 65-1206 Mamalahoa Highway
Kona: Sheraton Keauhou Bay Resort
On Tuesday, the Hawaii Board of Agriculture approved the following parameters for emergency agricultural loans:
Under the emergency loan program, farmers needing loans of $25,000 or less may apply for micro-loans which involve less paperwork and swifter processing.
The Agricultural Loan Division responded in a similar manner to the heavy rain and floods which occurred in February and March 2006. Currently, 45 emergency loans have been approved, totaling more than $1.8 million. Loans approved for that disaster range from $2,700 to $400,000.
For more information
on agricultural loans, call the Agricultural Loan Division:
Information is also available on the divisionÂ’s webpage: http://www.hawaiiag.org/hdoa/agl.htm