USDA Announces Additional Assistance for Distressed Farmers Facing Financial Risk
WASHINGTON, March 27, 2023 — The U.S. Department of Agriculture (USDA) today announced that beginning in April it will provide approximately $123 million in additional, automatic financial assistance for qualifying farm loan program borrowers who are facing financial risk, as part of the $3.1 billion to help distressed farm loan borrowers that was provided through Section 22006 of the Inflation Reduction Act (IRA). The announcement builds on financial assistance offered to borrowers through the same program in October 2022.
USDA Makes Producer-Friendly Change to 2023 Notice of Loss Requirements for Two Livestock Disaster Assistance Programs
WASHINGTON, Nov. 29, 2023 – The U.S. Department of Agriculture (USDA) has waived certain notice of loss requirements for 2023 for the Emergency Assistance for Livestock, Honeybees, and Farm-raised Fish (ELAP) and Livestock Indemnity Program (LIP).
USDA Announces Additional Assistance for Distressed Farmers Facing Financial Risk
WASHINGTON, March 27, 2023 — The U.S. Department of Agriculture (USDA) today announced that beginning in April it will provide approximately $123 million in additional, automatic financial assistance for qualifying farm loan program borrowers who are facing financial risk, as part of the $3.1 billion to help distressed farm loan borrowers that was provided through Section 22006 of the Inflation Reduction Act (IRA). The announcement builds on financial assistance offered to borrowers through the same program in October 2022.
USDA Makes Producer-Friendly Change to 2023 Notice of Loss Requirements for Two Livestock Disaster Assistance Programs
WASHINGTON, Nov. 29, 2023 – The U.S. Department of Agriculture (USDA) has waived certain notice of loss requirements for 2023 for the Emergency Assistance for Livestock, Honeybees, and Farm-raised Fish (ELAP) and Livestock Indemnity Program (LIP).
Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters – Winter Storm – Feb. 9 to Feb. 20, 2021
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: Texas
Triggering Disaster: Winter storm that occurred on Feb. 9 to Feb. 20, 2021
USDA Announces December 2023 Lending Rates for Agricultural Producers
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WASHINGTON, Dec. 1, 2023 – The U.S. Department of Agriculture (USDA) announced loan interest rates for December 2023, which are effective Dec. 1, 2023.