MI lawmakers OK $15M in loans to farms hurt by rainfall

Michigan
Lowell Township corn field

A tractor runs through a corn field in Lowell Township on June 17, 2019.

LANSING, Mich. (AP) — The Michigan Legislature is close to adding $15 million to a low-interest loan program to help farmers who are grappling with crop losses associated with historic rainfall.

The bill won approval Thursday from the Senate, and the House was expected to quickly send it to Gov. Gretchen Whitmer for her expected signature.

The legislation would appropriate $15 million into the Agricultural Disaster Loan Origination Program. Growers, processors and handlers can get a 1% interest rate on loans.

Republican Sen. Dan Lauwers of St. Clair County’s Brockway Township says the loans give farmers an option for bridging revenue losses.

Whitmer on Wednesday asked the federal government to approve Michigan farmers for disaster assistance because of wet weather that is making it hard to plant crops.

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