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Rep. Julie Alexander voices support for House plan to help farmers devastated by record rain
RELEASE|June 21, 2019

Rep. Julie Alexander today voiced her support for a plan to help farmers whose crops have been delayed or damaged by this spring’s record-setting rain.

A House plan approved on Thursday would help private lenders provide low-interest loans to qualified farmers at no financial risk to the state.

“Farmers at home and across the state are struggling amid one of the worst growing seasons in history, with no sign of the record rainfall breaking,” said Alexander, who chairs the House Agriculture Committee. “As the growing season progresses things will only continue to become for difficult for our state’s farmers who are the backbone of the Michigan’s second-largest economic sector. This plan provides the support necessary to help hard-working farmers make it through this tough year.’

Michigan has had very few days suitable for field work this spring. As a result, only about 63 percent of corn seeds and 43 percent of soybean seeds have been planted, which means yields will be low. Many farmers will be facing financial trouble as this crop season continues.

House Bill 4234 provides $15 million to help private lenders run the loan program and keep interest rates low for farmers. The state does not provide the loans, so there is no financial risk or liability to the state with this program.

Similar low-interest loan programs were approved for Michigan farmers in 2002 and 2012.

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