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Farms damaged by Irene encouraged to apply for emergency financing help, no payments first year

first_imgIn recent weeks, many Vermont hurricane- and tropical storm-damaged businesses have sought emergency financing assistance from the Vermont Economic Development Authority (VEDA).  In addition, VEDA wants to make sure Vermont farmers also take full advantage of the special financing assistance. ‘On August 28th, Governor Peter Shumlin announced the immediate availability of up to $10 million in special low-interest VEDA financing for Vermont businesses and farms who suffered damage as a result of Hurricane and Tropical Storm Irene,’ said VEDA Chief Executive Officer Jo Bradley.  ‘While we’ve been receiving numerous applications for financing assistance from flood-damaged commercial businesses, we are concerned that Vermont farms damaged by Irene may not be completely aware of resources that are available to them,’ Bradley said.  Additional financing for the emergency program, enabling the Authority to offer the lowest-possible interest rates, was approved by the State’s Emergency Board on September 13th. ‘We understand affected Vermont farms are still assessing the damages they sustained as a result of this terrible storm,’ said Bradley.  ‘We encourage farmers to contact us as soon as they are able to.’ Emergency agricultural financing for farms damaged by Irene is available through VEDA’s agricultural financing program, the Vermont Agricultural Credit Corporation (VACC).  The maximum loan size under the program is $100,000.  The interest rate on the emergency VACC financing is 1% for the first two years with no payments required during the first year. At the beginning of the third year, the rate will adjust to the VACC Prime variable index.  VACC financing is available for a variety of farm losses and damage attributable to Irene, including crop supplies, seed, livestock, fertilizer, machinery and equipment, fuel, lost inventory, and storm-related repairs to land, buildings and machinery.  Applications will be reviewed and loans approved on a first-come, first-served basis until all available funds are exhausted.  For more information, or to apply on-line, please visit www.veda.org(link is external), or email info@veda.org(link sends e-mail).last_img read more


Galloway Remains Tied for First at Regionals

first_imgGalloway Remains Tied for First at Regionals May 8, 2007MUSCLE SHOALS, Ala. – Even though top-ranked West Florida dropped from fourth to sixth place in the team standings, one golfer continues to shine at the NCAA Division II South Super Regional. Matthew Galloway (Valrico, Fla.) is tied for first heading into tomorrow’s final round at the Robert Trent Jones at the Shoals Course.Galloway and North Alabama’s Wes Smith are tied at one-under 143. The golfer with the lowest score who is not on one of the two qualifying teams for nationals will advance to the national championships as an individual. Last season Will Grace won individual medalist honors at regionals and represented West Florida at the national championships.After shooting a 297 to stand in fourth place after the first round, West Florida shot a 13-over 301 second round. The Argonauts are in sixth place after a 22-over 598 after the first two rounds. West Florida is 18 strokes behind front runner North Alabama and 13 strokes behind second place Barry.Galloway shot a second round 72 to finish the day at even par. For the second consecutive round, David Lingmerth (Tranas, Sweden) shot a 75. He stands tied for 21st with a six-over 150 (75-75). Lingmerth is tied with teammate Leonardo Di Marino (Laferrere, Argentina). After shooting a first round 73, Di Marino fired a second round 77.Matthew Berzovich (Longwood, Fla.) is tied for 40th place with a 13-over 157 (78-79). Despite shaving six strokes off of his first round score, Federico Damus (Posadas, Argentina) is currently tied for 44th with a 16-over 160 (83-77).Follow third and final round action with “live stats” on the men’s golf page of www.goargos.comPrint Friendly Version Sharelast_img read more