Dear Neighbor,
Just a quick note to mention the Minnesota House approved legislation on Thursday making disaster recovery loans available to farmers whose barns have recently collapsed under the weight of heavy snow, sleet, or ice.
Dozens of farm buildings have caved in recent days, primarily impacting southeastern Minnesota and also occurring in other parts of the state. The legislation (S.F. 2225) authorizes the Minnesota Rural Finance Authority to issue Disaster Recovery Loans to farmers whose properties sustained damage retroactively to Jan. 1, 2019. I am a co-author of the House version of the bill.
This string of collapsed buildings is causing significant hardships around the state, including right here in District 12B. This issue needed to be addressed immediately because these farmers who have been impacted don’t have the luxury of waiting around to see what happens with an insurance claim. I am pleased we took some urgency in getting this bill to the governor so we can help farmers rebuild from the damages they’ve suffered.
Farmers can use Disaster Recovery Loans for several purposes:
With the Senate having previously approved the bill, it now is in the hands of Gov. Tim Walz for enactment.
Have a good weekend,
Paul