WebMay 1, 2024 · According to the USDA website, the loan forgiveness program within the American Rescue Plan Act of 2024 will “pay up to 120% of loan balances … for Farm Service Agency (FSA) Direct and Guaranteed Farm Loans and Farm Storage Facility Loans debt relief to any socially disadvantaged producer who has a qualifying loan with … WebJul 15, 2024 · The farm loan program was designed with equity in mind, part of Biden’s plan to promote “equity,” and it would pay off “the loans of black, Hispanic, American Indian, Native Alaskan and Hawaiian farmers” and award them “an additional 20 percent of the value as a cash payment,” [reparations] the Southeastern Legal Foundation noted.
Black U.S. farmers
WebAug 22, 2024 · Democrats’ climate, tax, and health-care law ( Public Law 117-169 ), provides $3.1 billion for loan relief for at-risk borrowers — encompassing distressed farmers regardless of minority status — and $2.2 billion for farmers who experienced discrimination in USDA lending. WebJun 12, 2024 · A federal judge has halted the Biden administration's program offering loan forgiveness for minority farmers only, stating that the federal government "cannot … mount zion primary jonesboro ga
Judge Blocks $4 Billion U.S. Debt Relief Program for Minority …
WebJun 11, 2024 · On Thursday, a federal judge in Wisconsin ordered the U.S. Department of Agriculture to stop forgiving loans on the basis of race under a novel effort included in … WebApr 29, 2024 · A conservative law group from Wisconsin has filed a lawsuit in federal court alleging that the Biden administration’s loan forgiveness program for farmers is … WebJun 11, 2024 · June 11, 2024 / 3:57 PM / CBS/AP. A federal judge has halted a loan forgiveness program for farmers of color in response to a lawsuit alleging the program discriminates against White farmers. U.S ... mount zion publications