WebMay 26, 2024 · Section 1005 of the American Rescue Plan Act of 2024 (ARPA) provides funding and authorization for FSA to pay up to 120 percent of direct and guaranteed loan outstanding balances as of January 1, 2024, for certain loans of socially disadvantaged farmers and ranchers as that term is defined in section 2501(a) of the Food, Agriculture ... WebMay 26, 2024 · by Nhatt Nichols May 26, 2024 Among the many elements of the American Rescue Plan Act (ARPA) passed by Congress to stimulate the economy in the midst of the Covid-19 pandemic was a provision to …
Important: The Federation Files Motion to Intervene Debt Relief Lawsuit
WebJun 15, 2024 · For Immediate Release: June 15, 2024 Contact: Beth Hauptle, 919.903.2525, [email protected] Background. On May 21, 2024, the U.S. Department of Agriculture Farm Service Agency (FSA) published the first notice of funding availability (NOFA) announcing loan payments for socially disadvantaged farmers with qualifying direct and guaranteed … WebJun 22, 2024 · According to the USDA, the $4 billion ARPA funding allows the agency to “increase opportunity, advance equity and address systemic discrimination in USDA … bridgwater cc twitter
What will happen to USDA’s loan forgiveness for BIPOC farmers?
WebFeb 21, 2024 · In May 2024, the Agriculture Department started sending letters to borrowers who were eligible to have their debt cleared, asking them to sign and return forms confirming their balances. The... WebOct 12, 2024 · “The USDA has a documented history of discriminating against Black people and communities of color. The federal government’s attempt to rectify this injustice should be applauded, not stopped,” said Damon Hewitt, president and executive director of the Lawyers’ Committee for Civil Rights Under Law. “If this critical assistance is not provided … Web(FSA) is issuing this first notice announcing the availability of funds for eligible borrowers with direct loans under the Farm Loan Programs (FLP) and Farm Storage Facility Loan … bridgwater cef