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Farmers Now Eligible for SBA Loan Program

Rows of Bok Choy rooted in the ground.
Arnaldo Aldana
SBA Administrator Jovita Carranza says the economic injury disaster loan program his agency offers will help keep agriculture businesses viable.

Farmers impacted by COVID-19 can now apply for the federal economic injury disaster loan program. Historically, farmers were ineligible, but new legislation from Congress has changed that.

The U.S Small Business Administration (SBA) will be accepting new applications for the economic injury disaster loan program on a limited basis. During this round, the application portal will only be available to agriculture businesses. That can include farmers that grow food or create fiber as well as those who are ranchers or raise livestock.

"For more than 30 years, SBA has been prohibited by law from providing disaster assistance to agricultural businesses. However, as a result of the unprecedented legislation enacted by President Trump, American farmers, ranchers, and other agricultural businesses will now have access to emergency working capital," says SBA Administrator Jovita Carranza.

Florida's agriculture commissioner, Nikki Fried, is encouraging farmers to apply immediately. Another federal program, the Paycheck Protection Program, ran out of funds in less than 14 days during its first round.

Robbie Gaffney graduated from Florida State University with degrees in Digital Media Production and Creative Writing. Before working at WFSU, they recorded FSU’s basketball and baseball games for Seminole Productions as well as interned for the PBS Station in Largo, Florida. Robbie loves playing video games such as Shadow of the Colossus, Animal Crossing, and Final Fantasy Crystal Chronicles. Their other hobbies include sleeping and watching anime.