New report exposes over $1 billion in bad loanmaking at SBA
Story Date: 3/19/2018

 

Source: NATIONAL SUSTAINABLE AGRICULTURE COALITION, 3/17/18

Last week, the exploitative business practices of multinational poultry processing companies – and the role of the Small Business Administration (SBA) in facilitating that exploitation – were put on display by a shocking report from the SBA’s own Office of Inspector General (OIG). The report reveals that SBA has in recent years made an increasing number of loans to large contract poultry operations, and that $1.8 billion worth of these loans were made illegally. It also highlights the extreme control that poultry companies, known as “integrators,” exert over chicken farmers.

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