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USDA’s Farm Service Agency will make payments to direct and guaranteed borrowers, based on existing loan records that demonstrate need; no application is necessary for producers
WASHINGTON, Oct. 7, 2024 — The U.S. Department of Agriculture(USDA) announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act. This significant step continues USDA's commitment to keeping farmers and ranchers financially viable and support for agricultural commu...
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