Funds available for distressed farm loan borrowers

WASHINGTON, D.C. — The U.S. Department of Agriculture has announced $300 million in assistance to distressed direct and guaranteed farm loan borrowers.

The funding announced Friday, Dec. 20, is expected to provide assistance to more than 12,800 distressed direct and guaranteed Farm Loan Programs borrowers, officials said.

“USDA has always been committed to standing by our nation’s farmers and ranchers, especially in their most challenging times,” Agriculture Secretary Tom Vilsack said. “At USDA, we are not only addressing immediate financial challenges but also working every day to build a str...