Historic Victory for Black Farmers: $2 Billion in Relief Payments Announced
August 5, 2024
Nearly two years ago, President Biden signed the Inflation Reduction Act (IRA) Section 22007, authorizing compensation for farmers who faced racial discrimination in the United States Department of Agriculture’s (USDA) farm lending practices before 2021. This week, around 43,000 farmers will receive payments of up to $500,000, with the average award being $82,000.
