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Section 22007 of the Inflation Reduction Act (IRA) provides financial assistance for farmers, ranchers, and forest landowners who experienced discrimination by USDA in USDA’s farm lending prior to 2021.
Through the Act, Congress allocated $2.2 billion for the program and directed USDA to provide financial assistance to farmers, ranchers and forest landowners who experienced discrimination in USDA farm lending programs prior to January 2021.
More than 23,000 people will receive payments between $10,000 and $500,000, according to the USDA. Over 20,000 farmers and ranchers who planned to have a business but couldn’t receive a...
Black farmers got $2 billion in USDA payments to address discrimination in farm loans. For decades, Black farmers and others have argued that they’ve been left behind by the USDA’s lending ...
WASHINGTON, Sept. 22, 2023 – The U.S. Department of Agriculture is extending the deadline for the Discrimination Financial Assistance Program to January 13, 2024, to give eligible farmers, ranchers and forest landowners more time to apply for assistance. The original deadline was October 31, 2023.
The Biden-Harris Administration recently announced that it is distributing US$2.2 billion to farmers who experienced discrimination from the U.S. Department of Agriculture (USDA). Black food producers are using the funds to improve their farms and make them more resilient for the future.
For centuries, Black and other ethnic minority farmers and ranchers endured discrimination, including from the USDA itself. Being denied even a small loan can mean a lifetime of lost earnings or even the loss of property.
The US Department of Agriculture has begun accepting applications for financial relief of up to $500,000 for farmers who have faced discrimination in its lending programs.
Black farmers got $2 billion in USDA payments to address discrimination in farm loans. For decades, Black farmers and others have argued that they’ve been left behind by the USDA’s lending programs.
Black and other minority farmers are set to receive more than $2 billion in federal aid in response to decades of discrimination by the U.S. Department of Agriculture.