USDA to Help Heirs Resolve Land Ownership and Succession Issues

Agriculture Secretary Tom Vilsack announced that USDA will provide $67 million in competitive loans through the new Heirs’ Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Intermediary lenders—cooperatives, credit unions, and nonprofit organizations—can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August. Heirs’ property issues have long been a barrier for many producers and landowners to access USDA programs and services, and this relending program provides access to capital to help producers find a resolution to these issues.