Saturday, November 26, 2022

USDA Provides Payments of nearly $800 Million in Assistance to Help Keep Farmers Farming

Farmers.gov sent this bulletin at 10/18/2022 11:18 AM EDT

 USDA Provides Payments of nearly $800 Million in Assistance to Help Keep Farmers Farming10/18/2022 12:05 PM EDT
WASHINGTON, October 18, 2022 – The U.S. Department of Agriculture (USDA) today announced that distressed borrowers with qualifying USDA farm loans have already received nearly $800 million in assistance, as part of the $3.1 billion in assistance for distressed farm loan borrowers provided through Section 22006 of the Inflation Reduction Act (IRA). The IRA directed USDA to expedite assistance to distressed borrowers of direct or guaranteed loans administered by USDA’s Farm Service Agency (FSA) whose operations face financial risk.  

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