Monday, March 29, 2021

Black Farmers Will Receive $5 Billion From COVID19 Stimulus Package

$5 billion from the historic COVID19 stimulus package signed by President Biden earmarked for Black farmers...

From USA Today

The provision, which was drawn from the Emergency Relief for Farmers of Color Act, was inserted into the relief package and includes $5 billion that will go to socially disadvantaged farmers of color. These include Black, Hispanic, Native American or Asian American farmers. Four billion dollars would go toward covering up to 120% of outstanding debt, and $1 billion is designated for outreach, training, education, technical assistance and grants.
It’s part of the $10.4 billion provided in the package for agricultural and food supply sectors.