Big Island Video News

Serving Hawaii County

  • Hawaiʻi Island News Regions
    • Hamakua
      • Mauna Kea
    • Hilo
    • Kau
    • Kona
    • Kohala
    • Puna
Emergency Loans Available For Farmers Following Iselle
Avatar photo

by Big Island Video News
on Aug 28, 2014 at 1:47 am

Subscribe to Big Island Video News (FREE)

* indicates required

STORY SUMMARY

Eligible farmers may now apply for emergency loans of up to $100,000 at 3 percent interest.

(ABOVE PHOTO) A toppled papaya in Puna teeters on another snapped tree following the destructive winds of Hurricane Iselle.

HONOLULU, Hawaii – Farmers in Hawaii who suffered from the wrath of Iselle may now apply for emergency loans of up to $100,000 at 3 percent interest.

From the State Department of Agriculture:

Dept Of Agriculture Logo

The Hawaii Board of Agriculture yesterday approved an emergency loan program for farmers across the state who are suffering from recent storm damage.

“Our field surveys and reports from farmers indicate significant damage to not only crops, but to some facilities and farm infrastructure,” said Scott Enright, chairperson of the Hawaii Board of Agriculture. “The emergency loan program will provide assistance to get the farms back into production as soon as possible.”

Eligible farmers may now apply for emergency loans of up to $100,000 at 3 percent interest. Loans of $50,000 or less will not require credit denials from other financial institutions, which would normally be required for agricultural loans. The board also waived the three-year residency requirements normally required for agricultural loans.

The board also authorized state loan officers to modify or waive collateral requirements, as deemed necessary, on a case-by-case basis. Loan applications for emergency loans relating to this storm event will be accepted until Dec. 31, 2014.

Farmers suffering damage throughout the state should contact their nearest HDOA office:
· Hilo – 933-9975 and 933-9977
· Kona – 323-7591
· Maui – 984-2400, extension 39460 (Toll Free)
· Molokai – 1-800-468-4644, extension 39460 (Toll Free)
· Oahu – 973-9460
· Kauai – 241-3141, extension 39460 (Toll Free)

For more information on agricultural loans, call the Agricultural Loan Division at 973-9460 or go the division’s webpage: http://hdoa.hawaii.gov/agl/


Filed Under: Uncategorized Tagged With: agriculture, Board of Agriculture, papaya

LATEST NEWS

Kīlauea Eruption Update for Thursday, June 19

Pedestrian Critically Injured In Hilo Traffic Collision

Kona Open Space Network Event Set For June 28

Game Mammal Hunting At Kaʻohe Opens July 3

Hilo Hawaiian Hotel Joins Trademark Collection By Wyndham

Kīlauea Volcano Eruption Update for Tuesday, June 17

About Big Island Video News

  • Privacy Policy

Copyright © 2025 · Dynamik-Gen on Genesis Framework · WordPress · Log in