USDA: Next Steps Addressing Discriminated Borrowers

After a semi-vague announcement yesterday, the U.S. Department of Agriculture has published its first steps in the process of making repairs with farmers who suffered discrimination by USDA farm lending programs. The first steps outline a selection process for vendors who will manage the program.

Funds are set to be distributed by the end of 2023 by the Inflation Reduction Act, signed into law in August of 2022. Section 2207 specifically directs the USDA to provide financial experience to producers who have experienced discrimination in USDA’s farm lending programs, appropriating $2.2 billion for the program. 

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