October 18, 2022
WASHINGTON – National Farmers Union (NFU) President Rob Larew released the following statement in response to the United States Department of Agriculture (USDA) issuing information on critical new debt relief programs. These programs will help distressed borrowers holding Farm Service Agency (FSA) loans and are primarily funded through the Inflation Reduction Act (IRA).
“Let’s be clear – this debt relief is going to help keep family farms in business, not just for this generation but for generations to come,” said NFU President Rob Larew. “It’s promising to see how USDA is implementing provisions of the Inflation Reduction Act that will help thousands of distressed loan borrowers. Today’s announcement is the result of years of advocacy and leadership and is a big step toward improving the way USDA approaches lending. For farmers and ranchers who have been taking it on the nose the last few years, this is welcome news.”