Wednesday, June 19, 2013

The latest local news, weather and high school sports in and around Columbia and Jefferson City

Faster loans for farmers in drought
Posted: 07.18.2012 at 4:25 AM
Newsdesk KRCG
0
Photo

(AP) -- JEFFERSON CITY, Mo. (AP) -- Farmers suffering from this summer's dry, hot weather could get some help through the state treasurer's office.

Treasurer Clint Zweifel  says he is offering emergency 24-hour approvals of low-interest loans through the Missouri Linked Deposit Program because of the drought conditions.

Under the program, the state deposits money at low rates in banks, which in turn can supply low-interest loans to farmers or businesses.

Zweifel says it normally takes about 10 days to approve a deposit for a loan, but that can be speeded up in emergencies.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Manhunt underway for rape and kidnapping suspect
Meghan Lane  |  Yesterday at 5:56 AM  |  8 comments
Thumbnail
Man allegedly sets wife, home on fire with gasoline
Jessica Troike  |  2 hours, 48 minutes ago  |  13 comments
Thumbnail
Man charged after locker room incident with teen
Meghan Lane  |  Yesterday at 9:55 AM  |  2 comments
Follow Connect Mid-Missouri
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
ADVERTISEMENT