WASHINGTON, Sept. 1, 2022 – The U.S. Department of Agriculture (USDA) announced loan interest rates for September 2022, which are effective Sept. 1, 2022. USDA’s Farm Service Agency (FSA) loans provide important access to capital…
The Biden-Harris Administration released the President’s Budget Request (PBR) for the Fiscal Year (FY) 2023 on March 28, 2022. The $5.8 trillion budget request comes several months late and includes the President’s discretionary spending plans and builds on the PBR FY 2022. NSAC outlines the Administration’s proposed budget as it pertains to the sustainable agriculture community and specifically: climate and conservation, research and food safety, local food and rural development, and farm loans and beginning and socially disadvantaged producers.
USDA suspends some debt collections, foreclosures
Actions temporarily suspended for several thousand distressed borrowers due to coronavirus
From Montana FSA BOZEMAN Due to the national public health emergency caused by coronavirus disease 2019 COVID-19 the U.S. Department of Agriculture announced last week the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency. USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referal to foreclosures to the Department of Justice. USDA will work with the U.S. Attorney’s Office to sto.