Thursday, April 15, 2021

American Rescue Plan Debt Payments

Debt payments for socially disadvantaged producers.

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American Rescue Plan Debt Payments

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 Direct and Guaranteed Farm Loans and Farm Storage Facility Loans debt relief to any socially disadvantaged producer who has a qualifying loan with the Farm Service Agency. This includes producers who identify as one or more of the following: Black/African American, American Indian, Alaskan native, Hispanic/Latino, Asian American, or Pacific Islander.

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