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Banks Fight $4 Billion Debt Relief Plan for Black Farmers


Banks Fight $4 Billion Debt Relief Plan for Black Farmers
Lenders are pressuring the Agriculture Department to give them more money, saying quick repayments will cut into profits.
Handy Kennedy, a farmer in Cobbtown, Ga., and founder of a cooperative of Black farmers. Debt relief approved by Congress in March aims to make amends for decades of financial discrimination against Black and other nonwhite farmers.Credit.Michael M. Santiago/Getty Images
May 19, 2021, 5:00 a.m. ET
WASHINGTON The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance from banks, which are complaining that the government initiative to pay off the loans of borrowers who have faced decades of financial discrimination will cut into their profits and hurt investors. ....

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U.S. Department of Agriculture announces deputy assistant secretary


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U.S. Department of Agriculture announces Monica Rainge as deputy assistant secretary for civil rights
Monica Armster Rainge was appointed Deputy Assistant Secretary for Civil Rights at the U.S. Department of Agriculture today.
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U.S. Department of Agriculture announces Monica Rainge as deputy assistant secretary for civil rights Monica Armster Rainge was appointed Deputy Assistant Secretary for Civil Rights at the U.S. Department of Agriculture today. Check out this story on FarmersAdvance.com: https://www.farmersadvance.com/story/news/2021/02/24/u-s-department-agriculture-announces-deputy-assistant-secretary/4550510001/
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Senate confirms Vilsack for second stint as USDA secretary


Senate confirms Vilsack for second stint as USDA secretary
The administration has started to assemble a team to work with Vilsack to meet Biden’s goals
 
By Ellyn Ferguson CQ-Roll Call (TNS)
Published Feb. 23
Updated Feb. 23
WASHINGTON — The Senate voted 92-7 Tuesday to confirm Tom Vilsack as Agriculture secretary, sending the former Iowa governor back to a department he ran for eight years under President Barack Obama.
“His deep knowledge of agriculture and rural America is needed now more than ever,” Senate Agriculture Chairwoman Debbie Stabenow, D-Mich., said ahead of the vote. “The COVID-19 crisis is continuing to disrupt our food supply chain. . We have more than 50 million Americans today who are in a hunger crisis.” ....

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