Banks say 'socially disadvantaged farmer' payments harm business
At least two lawsuits have been filed to stop government giveaway program based on race Suggested Event Jun 15, 2021 to Jun 17, 2021 Not only does USDA Secretary Tom Vilsack face lawsuits involving the USDA program to compensate socially disadvantaged farmers and ranchers, he now has the commercial banking industry and 52,000 bank locations criticizing him. On April 9, 2021, the American Bankers Association, Independent Community Bankers of America, and National Rural Lenders Association wrote Secretary Vilsack a letter claiming, “The sudden abrupt payoff of any category of guaran...
Source: farmprogress.com