Live Breaking News & Updates on Farm Storage Facility Loans|Page 4
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Authors defend the bill while lawsuits say Black farmer loan forgiveness is reverse discrimination. Suggested Event Jun 15, 2021 to Jun 17, 2021 Two different lawsuits now challenge a USDA loan forgiveness program for farmers of color, including Black farmers, contained within in the COVID relief package advanced in the initial days of the Biden administration and Democrat-controlled Congress. While USDA and Congressional authors defend the program, the lawsuits claim it creates reverse discrimination. The American Rescue Plan included provisions for USDA to pay up to 120% of loan balances, as of January 1, 2021, for Farm Service Agency Direct and Guaranteed Farm Loans and Farm Storage Facility Loans debt relief to any socially disadvantaged producer who has a qualifying loan with FSA. However, unlike the past use of the definition of “socially disadvantaged producers,” the latest loan forgiveness does not apply to white women. Previously, all women wer ....
Farmers Sue Biden Administration Over ‘Racist’ COVID Relief Plan A disabled white farmer has sued President Joe Biden’s administration over his COVID-19 loan forgiveness program, alleging he can’t participate because he is white. Adam Faust, a white resident of Chilton, Calumet County in Wisconsin, is one of five Midwestern farmers who filed a lawsuit on April 6 that accuses the federal government of violating their constitutional rights, Fox 11 reported. The other plaintiffs are farmers from Wisconsin, Minnesota, South Dakota, and Ohio who have direct loans with the Farm Service Agency or USDA-backed loans and are “otherwise eligible for the loan-forgiveness program in ARPA, except for the color of their skin,” according to the lawsuit. ....
USDA announces May lending rates for agricultural producers, effective May 3
From U.S. Department of Agriculture WASHINGTON The U.S. Department of Agriculture announced Monday loan interest rates for May which have been effective as of Monday. USDA’s Farm Service Agency loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures, or meet cash flow needs. Operating and ownership loans FSA offers farm ownership and operating loans with favorable interest rates and terms to help eligible agricultural producers, whether multi-generational, long-time or new to the i. For access to this article please ....
05-01-2021 Photo by Tim Mossholder/Unsplash A group of white farmers from Midwestern states are suing President Joe Biden’s administration over a financial assistance program the excludes them based “solely” on the color of their skin. The legal team representing the farmers, the Wisconsin Institute for Law and Liberty, state in their complaint filed this week that the Department of Agriculture’s “use of racial discrimination as a tool to end ‘systemic racism’ is … unconstitutional,” urging the court to enjoin the practice. As the number of voices facing big-tech censorship continues to grow, please sign up for Faithwire’s daily newsletter and download the CBN News app, developed by our parent company, to stay up-to-date with the latest news from a distinctly Christian perspective. ....
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