SBA Offers Disaster Assistance to Georgia Small Businesses Economically Impacted by the Coronavirus (COVID-19)

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Georgia small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The disaster declaration makes SBA assistance available in the entire state of Georgia; and the contiguous counties of Barbour, Chambers, Cherokee, Cleburne, De Kalb, Henry, Houston, Jackson, Lee, Randolph, and Russell in Alabama; Baker, Columbia, Gadsden, Hamilton, Jackson, Jefferson, Leon, Madison, and Nassau in Florida; Cherokee, Clay, Jackson, and Macon in North Carolina; Abbeville, Aiken, Allendale, Anderson, Barnwell, Edgefield, Hampton, Jasper, McCormick, and Oconee in South Carolina; Bradley, Hamilton, Marion, and Polk in Tennessee.

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Hurricane Michael Farm Recovery Block Grants — Application Guide Released

Farmers with eligible losses due to Hurricane Michael must enroll and apply at farmrecovery.com. Once the application opens, eligible producers should create a farmrecovery.com account to add required information and upload documents. The application and enrollment period will last three weeks. Please monitor farmrecovery.com for more information on the application dates and deadlines.

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USDA Announces Details of Risk Management Programs for Hemp Producers

The U.S. Department of Agriculture (USDA) today announced the availability of two programs that protect hemp producers’ crops from natural disasters. A pilot hemp insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain or Cannabidiol (CBD) oil and the Noninsured Crop Disaster Assistance Program (NAP) coverage protects against losses associated with lower yields, destroyed crops or prevented planting where no permanent federal crop insurance program is available. Producers may apply now, and the deadline to sign up for both programs is March 16, 2020.

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