The U.S. Department of Agriculture (USDA) wants producers to know the American Rescue Plan includes provisions for USDA to pay up to 120% of loan balances, as of January 1, 2021, for Farm Service Agency (FSA) Direct and Guaranteed Farm Loans and Farm Storage Facility Loans debt relief to any socially disadvantaged producer who has a qualifying loan with FSA.
Southeast AgNet’s Randall Weiseman talked with FSA Administrator Zach Ducheneaux, who explained how this debt relief program works.
This program is for producers who identify as one or more of the following: Black/African American, American Indian, Alaskan Native, Hispanic/Latino, Asian American, or Pacific Islander.
For more information, contact your local USDA Service Center.