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WASHINGTON, July 29, 2021 — Agriculture Secretary Tom Vilsack today announced during a press conference with U.S. Senator Raphael Warnock, U.S. Congressman Sanford D. Bishop, Jr., and U.S. Congresswoman Cheri Bustos that the U.S. Department of Agriculture (USDA) is providing $67 million in competitive loans through the new Heirs' Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs' land ownership and succession issues. Intermediary lenders -- cooperatives, credit unions, and nonprofit organizations – can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August.
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