Minority Farmer Support
Discrimination in Agriculture: How the USDA Is Paying Farmers
Prior to 2021, the USDA is accused of discriminating against minority farmers by denying low-interest loans, blocking access to improvement programs, processing applications of white farmers 3x faster and granting generally worse loan terms to minorities.
This quiet discrimination led to thousands of foreclosures on black, hispanic, native american and female owned farms.
The USDA is planning to give settlements to minority farmers that qualify for a claim by early next year, some will be entitled to as much as $500,000.
The USDA is Setting Aside $2.2 Billion for Minority Farmers
Many farmers don’t even know they were discriminated against. USDA loan discrimination could have been:
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Higher interest rates than your neighbor
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Outright denied a loan
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Granted a lower loan amount
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Less favorable terms than other farmers in the area
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Frequent check-ins and reporting
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Special funding circumstances
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Experiencing worse treatment than other local farmers
There are hundreds of thousands of farmers who were discriminated against without knowing it.
If you are a minority farmer and applied or tried to apply for a USDA farming loan of any kind before 2021, you may qualify for compensation claim.
Most Minority Farmers Don’t Know They Can Get Compensation
Important Deadlines to Sign up for a Compensation Claim
The USDA has set aside a $2.2 Billion dollar fund and most farmers are not even aware of it. The last day to submit a claim is October 31st but the sooner the better in case there is additional paperwork or documentation required.
The USDA is said to have plans to make payouts by early next year. So if you or a family member are a minority farmer and applied for a USDA farming loan before 2021 - share this article and sign up for a compensation claim.
