Farmers have been exploring new and creative ways to manage nitrogen fertilizer in recent years. Remote sensing, crop growth models, in-season soil testing and variable rate application technology have all drawn significant interest for the potential to add profit, while reducing environmental impact. Farmers have had to work diligently to determine the value of these technologies, all while keeping water quality issues in mind. [Read more…] about Community News: Farmers – Get Nitrogen Smart!
ST. PAUL, Minn. – The Minnesota Rural Finance Authority (RFA) has lowered its interest rate on the Disaster Loan program to zero percent to help farmers cover the costs to replace and repair items lost or damaged due to flooding and not covered by insurance.
As with other RFA loans, the Disaster Loan program will be available for farmers through their existing agricultural lenders for financing for these repairs. The loans can be used to help clean up, repair, or replace farm structures and to replace seed, other crop inputs, feed, and livestock. The loan may also be used to repair and restore farm real estate that was damaged by flooding. The RFA participation is limited to 45 percent of the principal amount up to a maximum of $200,000. [Read more…] about Community News: Zero interest loans for farmers in flood counties