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United States Department of Agriculture

The United States Department of Agriculture (USDA) announces that it will begin making $4 billion of loan forgiveness payments for 13,000 loans that were made by the agency to Black, Hispanic and Indigenous farmers beginning in June. From there, the agency said that it will also distribute loan relief for another 3,000 loans which were made by banks and guaranteed by the USDA. The program has been delayed because of accusations of racism and is currently facing multiple lawsuits.

USDA to start debt forgiveness for Black farmers in June

Sources:  FOX Business

Changes

  1. The United States Department of Agriculture announced it will start making $4 billion of loan forgiveness payments to 13,000 loans that were made by the agency to Black, Hispanic and Indigenous farmers beginning in June. From there, the agency said it will distribute loan relief for another 3,000 loans made by banks and guaranteed by the USDSA. The program has been delayed because of accusations of racism and is currently facing multiple lawsuits.
  2. The United States Department of Agriculture (USDA) announces that it will begin making $4 billion of loan forgiveness payments for 13,000 loans that were made by the agency to Black, Hispanic and Indigenous farmers beginning in June. From there, the agency said that it will also distribute loan relief for another 3,000 loans which were made by banks and guaranteed by the USDA. The program has been delayed because of accusations of racism and is currently facing multiple lawsuits.

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