Drought prompts federal agency to offer emergency loans to New Mexico farmers

Because of the USDA’s declaration, farmers and ranchers are eligible for loans up to $500,000 at lower-than-market interest rates.

By: Patrick Lohmann

Outlets: Source New Mexico

Published: May 28, 2026

Words: 311

Last Updated: 1 month, 4 weeks ago

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The United States Agriculture Department on Tuesday declared a drought disaster in all 33 New Mexico counties, making farmers and ranchers who suffered livestock or other losses eligible for low-interest emergency loans.

The USDA’s two disaster declarations cite the United States Drought Monitor, which on Thursday shows all of New Mexico in some stage of drought, with most of the state experiencing “extreme” or “severe” drought.

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