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USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers

USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers
According to USDA, there are about 14,400 SDA borrowers with about $2.7 billion in debt, as well as another $400-million-plus that is delinquent. More than 80% of the borrowers hold direct loans and account for about 65% of the debt about $2 billion. The rest, guaranteed lenders, have about $1 billion.
5:30 am, Jun. 5, 2021
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U.S. Department of Agriculture s Whitten building. (Agri-Pulse photo)
The U.S. Department of Agriculture expects debt relief payments for socially disadvantaged farmers to begin in early June and continue on a rolling basis, but some farmers and lenders are still asking questions about how the new program will work. ....

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USDA begins paying out $4 billion to farmers of color, prompting claims of reverse discrimination from White farmers and lawmakers

USDA begins paying out $4 billion to farmers of color, prompting claims of reverse discrimination from White farmers and lawmakers
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