USDA Announces $800 Million in Assistance to Distressed Farmers
Thu, 27/10/2022 - 05:00
USDA announced that over 13,000 borrowers have already received payments through the program.
Direct loan borrowers will receive an average of $52,000 in debt relief, while borrowers whose loans have been referred to the Treasury Department will receive an average of $101,000 in relief. USDA has also announced that it will release another $500 million in payments for farmers at risk of bankruptcy or foreclosure in the coming months.
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