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USDA financial assistance available for distressed farm loan borrowers

USDA’s Farm Service Agency will make payments to direct and guaranteed borrowers, based on existing loan records that demonstrate need; no application is necessary for producers

Press release

WASHINGTON — The U.S. Department of Agriculture announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act. This significant step continues USDA’s commitment to keeping farmers and ranchers financially viable and support for agricultural communities.

Over the past two years, USDA acted swiftly to assist borrowers in retaining their land and continuing their agricultural operations. Since President Biden signed the Inflation Reduction Act into law in August 2022, the USDA ha...

 

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