David Y.Ige | DOA Press Release on Maui County Emergency Loans for Axis Deer Damage Management

DOA Press Release on Maui County Emergency Loans for Axis Deer Damage Management

Published on August 30, 2022 in Latest news from the department, Press room

HONOLULU – The Hawaii Department of Agriculture (HDOA) will open an emergency loan program to help farmers with costs associated with axis deer overpopulation in Maui County (Maui, Moloka` i and Lana`i). On August 23, At the 2022 meeting, the Hawaii Board of Agriculture (Board) approved the Agricultural Lending Division’s request for an emergency loan program. Applications will be accepted from September 1 to December 31, 2022.

In March 2022, Governor Ige issued a proclamation declaring a state of emergency in Maui County due to drought conditions. Additional proclamations extended the relief period to September 20, 2022. The emergency proclamations include provisions for the relief of damage, loss, and suffering caused by Axis deer, which decimated agricultural crops and pastures as they migrate in search of water and fodder. The estimated axis deer population in the county is at least 60,000.

“Prolonged drought conditions have exacerbated problems associated with overpopulation of axis deer in Maui County,” said Phyllis Shimabukuro-Geiser, chairwoman of the Hawai`i Board of Agriculture. “Low-interest emergency loans offer some relief to farmers and ranchers in dealing with their losses and help with the cost of fencing and other mitigation measures.”

The The Board approved the following emergency loan amounts, terms and parameters:

  • Maximum Loan amount: $150,000.00

  • Conditions to be determined on a case-by-case basis as needed. Consideration will be based on historical farm performance and projected cash flows based on reasonable revenue and expense assumptions.
  • Interest rate: 3 percent

  • The denial of credit requirement will be waived for loans of $100,000.00 or less. Loans over $100,000 up to the $150,000 limit will require 1 refusal of credit. (Credit rejections from conventional lenders are generally required for non-emergency government loan programs)

  • The 3 year old residence the requirement for US citizens and permanent resident aliens does not apply.
  • Warranty Requirements may be modified or deleted, if necessary, on a case-by-case basis. As far as possible, the provisions of article 155-11, Guarantee of loans, must be followed.

For agribusinesses and farmers needing loans of $50,000 or less, micro-loans involving less paperwork and faster processing are also available.

For more information, contact the Agricultural Lending Division in Honolulu at
808-973-9460 or email
[email protected]

.

###

Media Contact:

Janelle Saneishi, Public Information Officer

Hawaii Department of Agriculture

(808) 973-9560

[email protected]

https://hdoa.hawaii.gov

Comments are closed.