USDA Provides Payments of nearly $800 Million in Assistance to Help Keep Farmers Farming

WASHINGTON, October 18, 2022 – The U.S. Department of Agriculture (USDA) today announced that distressed borrowers with qualifying USDA farm loans have already received nearly $800 million in assistance, as part of the $3.1 billion in assistance for distressed farm loan borrowers provided through Section 22006 of the Inflation Reduction Act (IRA). The IRA directed USDA to expedite assistance to distressed borrowers of direct or guaranteed loans administered by USDA’s Farm Service Agency (FSA) whose operations face financial risk.

More than $7 Billion Paid in Second Round of USDA Coronavirus Food Assistance Program

Washington, D.C., Oct. 26, 2020 – U.S. Secretary of Agriculture Sonny Perdue today announced that in the first month of the application period, the USDA Farm Service Agency (FSA) approved more than $7 billion in payments to producers in the second round of the Coronavirus Food Assistance Program. CFAP 2 provides agricultural producers with financial assistance to help absorb some of the increased marketing costs associated with the COVID-19 pandemic.

Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters in Wisconsin

Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees and harvested or stored crops and hay.

State: Wisconsin

Triggering Disaster Event: Severe storms that occurred June 13-15, 2022

Application Deadline: May 15, 2023

USDA Launches Loan Assistance Tool to Enhance Equity and Customer Service

Contact:
FPAC.BC.Press@usda.gov

WASHINGTON, Oct. 26, 2022 – The U.S. Department of Agriculture (USDA) launched a new online tool to help farmers and ranchers better navigate the farm loan application process. This uniform application process will help to ensure all farm loan applicants receive equal support and have a consistent customer experience with USDA’s Farm Service Agency (FSA) regardless of their individual circumstances.