Tuesday, March 09, 2021

FSA and American Rescue Plan Act Provisions

 Looks to be a couple provisions of the American Rescue Plan  which impact FSA:

  • a provision for paying 120 percent of outstanding indebtedness for loans made or guaranteed by USDA to socially disadvantaged farmers or ranchers.  My guess is it might be easy to administer, assuming FSA records currently record a farmer's status as disadvantaged or not.  The problem will be with those with outstanding loans who aren't disadvantaged, and will yell at the counter clerk  program tech.  Need to have the numbers of the local offices of the Congressional representatives handy.
  • the other provision provides $1 billion for things which seem to be outlined in the Sen. Booker and Sen. Warnock "Justice for Black Farmers" bill.  
There is provision for $47.5 million for expenses (which won't all be FSA, but some might be.

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