PRESS RELEASE
Missouri State Treasurer Vivek Malek Launches Farm Relief Loan Program for Farmers Impacted by Drought

FOR IMMEDIATE RELEASE Contact: Ray Bozarth, 573-298-1654 Missouri
State Treasurer Vivek Malek Launches Farm Relief Loan Program for Farmers
Impacted by Drought JEFFERSON CITY, Mo. –
Responding to the severe drought conditions affecting farmers and ranchers
across Missouri, State Treasurer Vivek Malek is introducing the Farm Relief
Loan (FRL) program. The Farm Relief Loan program will provide vital assistance
to producers impacted by this year’s drought. “It has been one
thing after another for Missouri’s farmers and ranchers. The flooding in 2019,
COVID, and now this drought. Most of the time, farmers just need government to
get off their back. Today, I am proud to announce that help is on the way.”
Malek added “The Farm Relief Loan program underscores my commitment to
supporting farmers during these very challenging times and aiding them in
rebuilding and preserving their way of life.” Treasurer Malek is
directing the program to accept applications for “Farm Relief Loans” to support
farmers affected by this summer’s drought. These loans can be used for
operating expenses. Missouri’s most
prominent advocates for farmers weighed in on Treasurer Malek’s announcement: Governor
Mike Parson: “We are grateful to
Treasurer Malek for opening up the MOBUCK$ Farm Relief Loan Program and
allowing farmers impacted by this summer’s drought to participate,” Governor Mike Parson said. “Hay
reserves are depleted, and many farmers have been forced to market their
livestock early. Despite recent rains, we will continue to feel the
effects of drought throughout the coming winter months, but the MOBUCK$
program is another great way we can help support our agriculture communities.” Missouri
Farm Bureau Federation President Garrett Hawkins: “Missouri’s farmers and ranchers have dealt with numerous
challenges in recent years, culminating with arduous drought conditions
this spring and summer. The MOBUCK$ Farm Relief Loan Program will provide
an opportunity for our state’s farm and ranch operations, and Missouri
Farm Bureau is grateful to Treasurer Malek for this assistance to
Missouri’s agriculture community.” MOBUCK$ Background Farm Relief Loan
(FRL) Program Those interested
should contact their lender or visit MOBUCKS.mo.gov
Wednesday, August 16, 2023