USDA provides payments of nearly $800 million in assistance to help keep farmers farming
News Staff
Thursday, December 1, 2022
USDA announced that distressed borrowers with qualif ying 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 Ser v ice Agency (FSA) whose operations face financial risk.