Home Loans and Support

Bipartisan Farm Bill Amendment to Provide Disaster Relief Loans to Commercial Fishermen and Passes Full Senate

(Source: Senator Kirsten Gillibrand) -- Today, U.S. Senator Kirsten Gillibrand (D-NY), a member of the Senate Agriculture Committee, announced today that a bipartisan amendment to the 2012 Farm Bill that would help commercial fishermen obtain disaster relief loans has passed the full Senate late last night.

“On Long Island and across the country, fishing is a way of life and a major economic engine,” said Senator Gillibrand. “Providing emergency relief to our Long Island commercial fishermen ensures that they have the same access to needed assistance that other farmers have when a natural disaster strikes.”

This amendment, co-sponsored by Senators Gillibrand, John Kerry (D-MA), Lisa Murkowski (R-AL), Scott Brown (R-MA), Mark Begich (D-AL), and Joe Lieberman (I-CT), would expand existing Emergency Disaster Loan program to include commercial fishermen.

When a county has been declared a disaster area by either the President or the Secretary of Agriculture, agricultural producers in that county may become eligible for low-interest emergency disaster (EM) loans available through USDA’s Farm Service Agency.

Under this amendment, the loans may be used to help eligible commercial fishermen, farmers, ranchers, and aquaculture producers who have suffered significant production or physical losses, such as repairing or replacing damaged or destroyed structures or equipment. These loans are discretionary and subject to annual appropriations or done through emergency supplemental appropriations.

Source: Senator Kirsten Gillibrand

Share This!

About Alex Ferreras

LoanSafe.org is America's #1 consumer mortgage forum with over 32,000 members. Get the latest news, information and tips from an online community you can trust.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


"Hello Moe, I just wanted to tell you, your website has saved my life (literally), I stumbled on your site in the middle of losing my home, I was able to network with people going through the same thing as I am. I didn't feel alone anymore, I have tried to give back and counsel those that haven't walked in my shoes yet. We hear so much about what is wrong with America, I just wanted you to know, you are whats "right" with America."

Nina Mitchell
Loansafe & MoeSeo Inc. © 2014 | LoanSafe.org is not a bank, lender, mortgage broker, law firm or affiliated with the US Government. Privacy Policy