Michigan lawmakers OK $15M in loans to farmers amid rainfall
LANSING, Mich. (AP) — The Michigan Legislature is allocating $15 million to a low-interest loan program to help farmers grappling with crop losses associated with historic rainfall.
The bill won quick approval Thursday from the Senate and House, and goes to Gov. Gretchen Whitmer for her signature.
The legislation would appropriate $15 million into the Agricultural Disaster Loan Origination Program. Growers, processors and handlers can get a 1% interest rate on loans.
Republican Sen. Dan Lauwers of St. Clair County says the loans give farmers an option for bridging revenue losses.
Whitmer has asked the federal government to approve farmers for disaster assistance because of wet weather making it hard to plant.
At least six lawmakers, including Lauwers, abstained from voting because they are farmers or relatives are.