Source: Chuck Abbott, SUCCESSFUL FARMING, 6/11/21


The Agriculture Department would offer small farmers one-time loan forgiveness of up to $250,000 under legislation announced by five Democratic senators on Thursday. Lead sponsor Sen. Kirsten Gillibrand said she would try to include debt relief in the upcoming infrastructure bill “to make certain our farmers are not left behind.” The proposal comes three months after Congress approved $4 billion to pay off money owed by socially disadvantaged farmers on loans made directly by the USDA or through banks with USDA loan guarantees.

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