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Waterman: New state program offers $50 million restoration aid for flood-damaged farmland

State Senator John Waterman

      200 West Washington StreetIndianapolis, Indiana 46204

 
 
 

 

NEWS RELEASE                                                             07.7.08

Contact: Carrie Zapfe

(317)232-7184

czapfe@iga.state.in.us

                                                                                                               

 

FOR IMMEDIATE RELEASE

           

New state program offers $50 million restoration aid for flood-damaged farmland

Deadlines near to apply for federal disaster assistance

 

(STATEHOUSE) – State Treasurer Richard Murdock has announced creation of the Treasurer’s Conservation Assistance Program (T-CAP) to provide assistance to Hoosier farmers who have suffered damages to their farmlands due to recent flooding throughout the state.

 

This new T-CAP program will be funded through $50 million of state deposits designated as a source of low cost loans to Indiana farmers. Under the United States Department of Agriculture (USDA) programs, these funds will be considered “local” monies and result in federal matching grants of more than $200 million.

 

Farmers obtaining these low-interest loans can use them to repair broken levees, ease erosion and remove flood debris. The loans will help farmers pay for their share of repair costs through the U.S. Department of Agriculture’s Emergency Conservation and Emergency Watershed programs.

 

For more information about T-CAP, visit http://www.state.in.us/tos/2829.htm. For assistance with a USDA program, visit http://www.in.nrcs.usda.gov/contact/directory/field_offices.html or ISDA at http://www.in.gov/isda/2338.htm.

 

Meanwhile, Indiana Agriculture Director Andy Miller reminds farmers time is running out to apply for federal disaster assistance. Miller urges every farmer who has been affected by the flood to spend time reviewing the Indiana Disaster Assistance for Agriculture checklist at www.emergency.in.gov/agriculture. Then farmers should contact their local Farm Service Agency office. Anyone with questions may call 317-232-8770.

 

Waterman serves Senate District 39, which includes Clay, Greene, Knox, Daviess, Owen, Sullivan and Vigo Counties.

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