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Debt relief for U.S. minority farmers coming in June â USDA By Syndicated Content By Christopher Walljasper CHICAGO (Reuters) â The U.S. Agriculture Department said on Friday it will start erasing an estimated $4 billion dollars in debt to minority farmers in June, as it seeks to address racial discrimination. The Biden administration hopes to make right with Black and other minority farmers, who for decades have lost farmland in legal disputes and been denied loans and government assistance. The American Rescue Plan Act, which became law in March, directed the USDA to pay off all farm debt held by âsocially disadvantagedâ minority farmers. It faced opposition from some white farmers and concern from banks. ....
5/21/2021 By Christopher Walljasper CHICAGO, May 21 (Reuters) - The U.S. Agriculture Department said on Friday it will start erasing an estimated $4 billion dollars in debt to minority farmers in June, as it seeks to address racial discrimination. The Biden administration hopes to make right with Black and other minority farmers, who for decades have lost farmland in legal disputes and been denied loans and government assistance. The American Rescue Plan Act, which became law in March, directed the USDA to pay off all farm debt held by “socially disadvantaged” minority farmers. It faced opposition from some white farmers and concern from banks. ....
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