Saturday, October 10, 2020

Lloyd Wright in Fortune

 Mr. Wright has a Fortune magazine piece on black farmers and USDA discrimination in loans. 

"Even today, plainly racist policies at the U.S. Department of Agriculture (USDA) frequently deny Black farmers the resources they need to keep their businesses afloat.
Creating a more equitable agriculture system will be impossible unless Black farmers have control over their own financial destinies. That goal will require a new credit and financing institution, owned and controlled by Black farmers and aimed squarely at supporting Black farmers, landowners, and their cooperatively owned businesses.

He asks that Congress waive loan repayments by farmers who got Pigford settlements and establish the new financing institution.  

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