American Rescue Plan Offers Debt Relief to BIPOC Producers
The American Rescue Plan enacted this spring included $5 billion in direct aid for Black, Indigenous, and People of Color (BIPOC) farmers, explains the National Sustainable Agriculture Coalition (NSAC). NSAC reports that the USDA Farm Service Administration will be responsible for distributing the approximately $4 billion in farm debt relief payments for BIPOC producers who have farm loans made directly by FSA or through private lenders with USDA guarantees. All Black, Native American, Alaskan Native, Asian American, Pacific Islander, and Hispanic/Latino farmers with specified loan types are eligible for relief. Debt relief payments will be made automatically and do not require farmers to apply for payment.