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Board activates emergency farm loan program after Kona storm, sets flexible terms
Summary
The board approved activation of an emergency agricultural loan program to help farms affected by the March Kona low. Parameters include a $100,000 max loan, fixed 3% interest, waivers of credit checks for loans ≤ $50,000, and a flexible approach to collateral; applications accepted through Sept. 30, 2026.
The Board of Agriculture and Biosecurity unanimously approved activation of an Emergency Loan Program to help growers recover from damage caused by a March Kona low-pressure storm system. Dean Mascala, acting agriculture loan administrator, presented proposed loan parameters and damage estimates to the board.
Mascala told the board an Ag Stewardship Hawaii dashboard reported $12,467,101 in agricultural damage affecting roughly 256 farms and…
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