Items Tagged with 'debt relief'

The Biden administration is wasting little time selling the media and the public on that giant new spending and tax bill, the Inflation Reduction Act.

Agri-Pulse readers kept a keen eye on a whole host of developments throughout the year, but none more so than the fresh faces of a new administration and Capitol Hill’s attempts to pass legislation to inject new funds into farm country.

USDA will be taking some action to curb the market power of equipment manufacturers and other agribusiness giants. But it’s not clear yet what kind of teeth there will be in what USDA does.

Debt relief payments to minority farmers from the Agriculture Department are on hold after a federal judge granted a restraining order in a lawsuit challenging the constitutionality of the program.

USDA is rolling out its debt relief program for socially disadvantaged farmers, sending out offer letters to producers eligible for direct loan relief, even as it grapples with how to pay off guaranteed loans in the face of concerns from banks worried about loss of income.

The Agriculture Department expects to start providing debt relief early next month for minority farmers who hold direct USDA loans.

Texas Agriculture Commissioner Sid Miller, with backing from former President Trump’s immigration adviser, Stephen Miller, alleges in a lawsuit that the new $4 billion debt relief plan for minority farmers unconstitutionally excludes white producers.

Democrats pushed President Joe Biden's $1.9 trillion economic stimulus package through the House early Saturday despite progressives' fears about the future of a minimum-wage increase that's included in the measure.

Advocates for minority farmers say historical discrimination justifies providing payments totaling 120% of debt held by “socially disadvantaged” farmers, as approved by the House Agriculture Committee in its $16.1 billion COVID relief package, part of a larger $1.9 trillion relief bill to be considered by the full House of Representatives.