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KBIA's ongoing coverage of the midwest's worst drought in half a century.

Mo. offers faster loans for farmers in drought

Clint Zweifel
Office of Treasurer
Missouri Treasurer Clint Zweifel

Farmers suffering from this summer's dry, hot weather could get some help through the state treasurer's office.

Treasurer Clint Zweifel says he is offering emergency 24-hour approvals of low-interest loans through the Missouri Linked Deposit Program because of the drought conditions.

Under the program, the state deposits money at low rates in banks, which in turn can supply low-interest loans to farmers or businesses. Zweifel says it normally takes about 10 days to approve a deposit for a loan, but that can be speeded up in emergencies.

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