USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers
USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers According to USDA, there are about 14,400 SDA borrowers with about $2.7 billion in debt, as well as another $400-million-plus that is delinquent. More than 80% of the borrowers hold direct loans and account for about 65% of the debt — about $2 billion. The rest, guaranteed lenders, have about $1 billion. 5:30 am, Jun. 5, 2021 × U.S. Department of Agriculture's Whitten building. (Agri-Pulse photo) The U.S. Department of Agriculture expects debt relief payments for socially disadvantaged ...
Source: agweek.com