USDA debt relief payments to farmers of color blocked by Florida District Judge Marcia Morales Howard

 

This is the second time the USDA debt relief payments to farmers of color blocked due to white farmers say the assistance is racially discriminatory.

A  white farmer is  alleging the debt relief program from the  $1.9 trillion stimulus bill due to the pandemic discriminates against him because of his race. The portion of the bill is for  $4 billion and to be used  toward debt relief with direct payments of up to 120% of a “socially disadvantaged” farmer or rancher’s that has  outstanding debt from January 1, 2021.

The USDA is reviewing in a case-by-case basis if other groups qualify.

In another case, A Wisconsin judge temporarily blocked payments in a separate lawsuit from a group of white farmers arguing the USDA’s program  was discriminating against them and is unconstitutional. Four other cases have been filed in Illinois, Texas, Tennessee, and Wyoming.

In the past, Black farmers were forced off their land due to  discrimination from the USDA. A recent statistic reported by a recent USDA Census of Agriculture, states the USDA sated there were  925,708 Black farmers, which is about 14% of all farmers at the time. Only 45,508 Black farmers, roughly 1.3% of all 3.4 million US farmers in the United States in 2017.

 

Here is a synopsis of the Ensuring Equity for  Farmers of Color During the COVID-19 Pandemic:

For generations, socially disadvantaged farmers have struggled to fully succeed due to systemic discrimination and a cycle of debt. This struggle is exacerbated by a disproportionate amount of COVID-19 infection rates, loss of property, hospitalizations, death, and economic hurt amongst socially disadvantaged groups. The American Rescue plan takes key steps in assisting marginalized communities through a different approach with:

 

$4 billion toward debt relief for socially disadvantaged farmers to pay off burdensome debts that have prevented many farmers of color from making a living or taking advantage of opportunities to grow or explore value-added strategies.

$1.01 billion in funding to USDA to create a racial equity commission and address longstanding discrimination across USDA by investing in land access, outreach, education, assistance overcoming barriers to access to USDA programs, business development, and more.

Photo by Jed Owen


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>