Close Search

Disaster Recovery Farm Interest Program (DRFIP)

The Disaster Recovery Farm Interest Program (DRFIP) provides financial assistance to agricultural asset owners and producers who are recovering from property damage and losses caused by recent severe weather events. DRFIP will reimburse one year of interest paid on eligible loans executed or amended after the date of the Presidential disaster declaration for the county where the damage occurred.

NOTICE 

Eligible applicants must own a farm or operate a farming operation located in an Iowa county approved for federal Individual Assistance following the three presidentially declared natural disasters this spring and summer. These counties currently include Adair, Adams, Buena Vista, Cedar, Cherokee, Clarke, Clay, Dickinson, Emmet, Harrison, Humboldt, Jasper, Lyon, Mills, Monona, Montgomery, O’Brien, Osceola, Palo Alto, Plymouth, Polk, Pottawattamie, Ringgold, Scott, Shelby, Sioux, Story, Union and Woodbury.*

 

*Additional counties may be added. A map of counties, including those approved for FEMA Individual Assistance, as required for this program, is available here.

Assistance Available

  • Maximum Award

    One year of scheduled interest owed on eligible loans, up to $50,000.

    Once assistance is approved, a reimbursement claim may be submitted when the Eligible Loan has been outstanding for at least one year from the execution or amendment date.

Eligibility

  • Must be:
    • Iowa-domiciled agricultural asset owner or producer.
  • Citizen or permanent resident of the United States.

  • Own a farm or operate a farming operation located in an Iowa county approved for federal Individual Assistance following the three presidentially declared natural disasters this spring and summer.

  • Have suffered a physical loss to livestock, livestock products, real estate, or equipment used in the production of agricultural products, for which an insurance claim has been submitted and approved.

Eligible Loans

    • Eligible Loans must have been executed or amended after the earliest incident date of the disaster proclamation for your county.

Required Documentation

  • For corporations, a current IRS Form W-9.

  • Insurance claim approval document (e.g., inspection report).

  • Executed final loan documents dated after the county’s initial incident period date, including amortization schedule.

  • USDA FSA Form 156 for the current crop year for all affected farms or tracts.  The Applicant’s name must appear in the Owners, Operator Name, and/or Other Producers field.  If you need assistance, please contact your local FSA office.

Applications will be accepted through Oct. 31, 2024, subject to funding availability.

Application

Contact the DRFIP team.

Frequently Asked Questions

  1. How do I apply?

    Applications for assistance may be submitted through iowagrants.gov. After creating an account and logging in, select the Funding Opportunities tab on the left-hand navigation. The application is listed as Disaster Recovery Farm Interest Program.

  2. How can I check the status of my application?
    You may view the status of your application at iowagrants.gov by selecting the “Submitted Applications” tab on the left-hand navigation.
  3. Am I eligible to receive assistance? 

    Assistance is available to owners and/or operators of farming operations that have experienced a physical loss to livestock, livestock products, real estate, or equipment used in the production of agricultural products, for which an insurance claim has been submitted and approved.

    The damaged property must be located or used in an Iowa county where a disaster has been declared. An up-to-date list can be found at disasterassistance.gov under the List of Disasters section.

    Applicants must provide documentation that an insurance claim has been submitted and approved for the damaged property.

    “Eligible Loans” are those that have been executed or amended after the earliest incident date of the disaster proclamation for the county where the damage occurred.

  4. How much assistance can I receive? 
    The maximum assistance available is equal to the one year of scheduled interest owed on eligible loans, up to $50,000.
  5. When will I receive my payment?

    Once assistance is approved, a reimbursement claim may be submitted when 1) the Eligible Loan has been outstanding for at least one year from the execution or amendment date.

  6. Do I have to pay the grant back? 
    No.
  7. Who receives the payment? 
    Applicants will be reimbursed directly via ACH for interest payment(s) made on eligible loans, up to the awarded amount.
  8. Do I have to pay taxes on the assistance funds? 
    A 1099-G will be issued to all entities that receive an assistance payment.  Any questions regarding whether the grant is taxable income, please consult your tax advisor.