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View Article The post USDA begins loan payments for Black and minority farmers appeared first on TheGrio. The U.S. Department of Agriculture Farm Service Agency today published the first notice of ...
Another 20,000 who planned to start a farm but did not receive a USDA loan received between $3,500 and $6,000. Black and other minority farmers are getting $2 billion from USDA after years of ...
Section 22007 of the Inflation Reduction Act authorized $2.2 billion in financial assistance to farmers and ranchers who experienced discrimination in USDA farm loan programs prior to Jan. 1, 2021 ...
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. Debt relief for U.S. minority farmers coming ...
The interest rate is determined by USDA, and cannot exceed the cost of funds to the Government plus 1 percentage point. However, direct loans to limited resource borrowers can be made at significantly below the federal cost of funds. The interest rate on guaranteed loans is negotiated between the borrower and the lender.
Pigford v. Glickman (1999) was a class action lawsuit against the United States Department of Agriculture (USDA), alleging that it had racially discriminated against African-American farmers in its allocation of farm loans and assistance from 1981 to 1996.
The USDA Coalition of Minority Employees is a civil rights organization formed by employees of the United States Department of Agriculture (USDA) in 1994 specifically focused on ending discrimination within the Department and more generally on eradicating racism in agriculture in the United States.
Farmers are applying for part of a $2.2 billion program that will provide assistance to those who faced discrimination in USDA farm lending programs.
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