USDA Initiates Aid Program to Address Farm Lending Discrimination

The program targets those who were discriminated against before Jan. 1, 2021, or those still in debt from discriminatory USDA farm loans. 
The program targets those who were discriminated against before Jan. 1, 2021, or those still in debt from discriminatory USDA farm loans. 
(Farm Journal)

USDA initiated an aid program last week for victims who have faced discrimination in farm lending programs. The program targets those who were discriminated against before Jan. 1, 2021, or those still in debt from discriminatory USDA farm loans. 

“The opening of the application process is an important step in delivering on our commitment of providing financial assistance to those who faced discrimination in USDA farm lending, said Tom Vilsack, USDA secretary. “USDA will continue to work with our national vendor partners and community-based organizations to make sure eligible farmers, ranchers, and forest landowners have clear information about what is available to them, how to apply, and where to obtain assistance with their questions at each step of the way.” 

Related story: USDA Requests Comments on Aid to Producers Discriminated in Farm Lending Programs

The department also issued a warning about fraud, as there have been reports of misleading information circulated by some groups and attorneys about applying for the aid. Despite scams, USDA confirms the application process, open until October 31, does not require an attorney's involvement. 

Funding for the program, totaling $2.2 billion, is provided by the IRA, with individual assistance capped at $500,000.

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