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, -- A tenant fanner III)' ~eeUgible for benefits for his livestock ~ or crop loss. -- Graduation Polic)' - the loan will be reviewed to determine . . Ipplicant's Ibility to obtain credit from other credit sources Ifter I three )'ear period following receipt of the initial loan, t Ind ever)' two years thereafter. until graduation is Ichieved J or the loan(s) is paid in full. Refinancing, when available, is mandatory for borrowers who. when the)' received their initial loans. were unable to obtain credit from other sources. -- Corporations. partnerships and cooperatives not primarily engaged in firming and firm owners who do not operlte their firms are ineligible for F~ loan assistance. They will be referred by letter to SBA. -- Loan Limit - statutory limit of $500,000 per disaster per applicant for both those who can obtain and those who cannot obtain their credit elsewhere. -- Housing Losses - in those areas where both FmHA and SBA disaster programs are availlble. (e.g. Presidential Major Disaster Declaration). appliclnts ma)' select the agency from which the)' wish to obtlin their Housing Loss Loan. but all application for farm loss loans will be referred to FmHA. Housing losses ar1!Crefined as losses sustained to the farm owner's personal dwelling. tenant housing or farm labor housing and their contents, and other personal property con- tained therein. -- If an applicant is denied. an SBA disaster loan for a Housing Loss because of lack of repayment ability due to low income, the applicant may be referred to FmHA for its consideration under their 502 Rural Housing Interest Credit Loan Program, provided the applicant resides in I ru~al community or in a community under 20,000 population. FmHA III)' be able to extend interest credit assistance to such borrowers at rates as low as 5 percent under this loan program. 6. EMERGENCY CONSERVATION PROGRAM (Eep) - Administered by the Agricultural Stabilization and Conservation Service (ASCS) - (USDA). -- Assistance to farmers and ranchers for repair or replacement of permanent fencing; debris removal from cropland and fields; grading and shaping (rehabilitation) of farmland, irrigation ststem facilities. -- Plyment from ASCS is 64.S.fo". up:ta $62,,500, .40 S for. $62.500 - $125,000 Ind 20S for $125,000 - $200,000; remainder paid by farmer. (FmHA or SBA will lend to cover the flnner's shire) . -- Available to counties approved b)' the county ASCS committee. NOTE: ECP (except for repair or replacement or permanent fencing) is not automatically triggered by Presidential Declaration. 5