Video: USDA Assistance
Back in mid-October, the USDA announced that certain distressed borrowers have received nearly $800 million in assistance as part of the $3.1 billion in assistance for distressed farm loan borrowers. The funds were made possible by the inflation reduction act also known as IRA. The bill directed USDA to expedite assistance to distressed borrowers of direct or guaranteed loans administered by USDA’S farm service agency whose operations face financial risk.