Some Oklahoma Farmers Not Interested In Low Interest Loans - - Tulsa, OK - News, Weather, Video and Sports - |

Some Oklahoma Farmers Not Interested In Low Interest Loans

OKLAHOMA CITY (AP) -- The federal government is making low interest loans available to Oklahoma farmers and ranchers who've suffered losses due to drought and extreme heat.

But some of those farmers and ranchers say they're not interested.

Farmer and rancher Scott Neufeld of Fairview says at some point the loan has to be paid back and right now it looks like that will be difficult to do.

Neufeld says farmers are also worried about soaring fuel prices and don't want to drown in debt.

The loan rate being offered is 3.75 percent, but Oklahoma Farm Bureau spokesman Sam Knipp says what's needed is a grant program for the rural areas.

The loan applications are available at Farm Service Agency offices statewide.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.