USDA begins debt relief payments for thousands of farmers
Agriculture Secretary Tom Vilsack said Tuesday that thousands of farmers in debt have received $800 million in loan relief and that his department will use congressional funding to take a more proactive approach to reduce delinquencies and foreclosures.
Congress provided $3.1 billion for economically distressed farmers and ranchers in an August budget reconciliation package. The law was designed to aid those with direct loans from the Farm Service Agency or commercial loans guaranteed by the agency.
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