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.

Contact: FPAC.BC.Press@usda.gov

Immediate Help for Over 13,000 Distressed USDA Farm Loan Borrowers;
Begins Process to Provide up to $500 Million More for Up to 23,000 Additional Borrowers 

Contact: FPAC.BC.Press@usda.gov

Protect Your Operation from Ups and Downs in the Market 

Contact:
FPAC.BC.Press@usda.gov

Contact:
FPAC.BC.Press@usda.gov

Payments Issuing to Producers of 2021 Crops Triggering Safety-Net Program Payments

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.

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.