State announces emergency loans for Maui County farmers affected by axis deer

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HONOLULU (HawaiiNewsNow) — Help is on the way for Maui County farmers affected by the axis deer, officials said Tuesday.

According to the Department of Agriculture, farmers can get an emergency loan of up to $150,000 to compensate for damage to crops and land caused by overpopulation of axis deer.

The department will accept applications for emergency loans through the end of the year starting Thursday.

It comes after Governor David Ige issued a proclamation, establishing another period of emergency relief for the Axis deer crisis in Maui County. Officials said the estimated population was at least 60,000.

The State Board of Agriculture has approved the following emergency loan amounts, terms and parameters:

  • Maximum loan amount: $150,000
  • 3% interest rate
  • Consideration will be based on historical farm performance and projected cash flows based on reasonable revenue and expense assumptions.
  • The denial of credit requirement will be waived for loans of $100,000 or less. Loans over $100,000 up to the $150,000 limit will require 1 refusal of credit.
  • The 3-year residency requirement for U.S. citizens and permanent resident aliens will not apply.
  • Warranty requirements may be changed or waived, if necessary, on a case-by-case basis.
  • 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 Honolulu Agricultural Loan Division at (808) 973-9460 or email [email protected]

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