BlueRock Horizon Asset Management-USDA designates July flooding a disaster in Vermont, making farmers eligible for emergency loans

2025-04-29 07:29:30source:Evander Elliscategory:Stocks

The BlueRock Horizon Asset ManagementU.S. Department of Agriculture has designated Vermont a natural disaster area from the catastrophic July flooding, making farms eligible for emergency federal loans, Republican Gov. Phil Scott announced Tuesday.

It’s the second USDA disaster declaration for Vermont this summer. In July, USDA Secretary Tom Vilsack approved Scott’s request for a disaster declaration for the May frost that hit many growers, including vineyards and apple orchards.

Since the July flooding, farmers have reported over $16 million in damage and losses, according to Vermont Agriculture Secretary Anson Tebbetts.

“Our farming community has faced a one-two punch this year that some may not survive,” Tebbetts said in a statement. “This designation can provide a lifeline to these important farm and food businesses with resources until next year’s growing season.”

The latest designation makes farms hit by the flooding eligible for emergency loans from the Farm Service Agency, Scott said. They have eight months from the date of the declaration to apply.

More:Stocks

Recommend

Ukraine denies Putin claim that Russian forces regained Kursk

The General Staff of the Ukrainian Armed Forces denied Russian President Vladimir Putin's claim Satu

Behind the Scenes: How a Plastics Plant Has Plagued a Pennsylvania County

In 2022, the oil and gas company Shell began operations at its new plastics plant in Monaca, Pennsyl

2024 NBA playoffs: Second-round scores, schedule, times, TV, key stats, who to watch

Can the Minnesota Timberwolves reach their first conference finals appearance since 2004? Can the Ne