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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 24, 2024
The Farm Service Agency has so far distributed roughly $2.3 billion in Inflation Reduction Act funding for distressed borrowers with farm loans, according to a new Government Accountability Office report.
The Agriculture Department intends to provide another $250 million in Inflation Reduction Act funding to distressed farm loan borrowers, on top of the $2.2 billion it has already provided, the department's Farm Service Agency announced Monday.
USDA will invest $135 million in projects across 24 different states with a focus on rural water and wastewater infrastructure and another $181 million to improve rural electric systems in 10 states.
