USDA Debt Relief Will Help Keep Farmers in Business

Jan 29, 2021

To ease mounting financial pressures, the U.S. Department of Agriculture (USDA) today announced that it will temporarily suspend past-due debt collections and foreclosures for farmers borrowing under the Farm Storage Facility Loan and the Direct Farm Loan programs while also offering flexibilities under the Guaranteed Loan Program. Additionally, the agency plans to halt foreclosures and evictions that are already underway. Approximately 12,000 farmers, representing 10 percent of Farm Service Agency borrowers, will be eligible for this assistance.

The announcement comes as a relief to National Farmers Union (NFU), which has been pushing legislators and administration officials to provide family farmers and ranchers with the support they need to withstand the added challenges caused by the pandemic. In a statement, NFU President Rob Larew lauded the action, saying that it will be particularly beneficial to beginning and socially disadvantaged farmers:

“With so many factors beyond their control, farmers know to be prepared for a bad year here and there. But it hasn’t just been just one bad year because of the pandemic – it’s been five bad years because of trade wars, climate change, and stubbornly low prices. Even the most established farmers may not have the reserves to cope with this kind of enduring financial strain – and beginning and historically underserved farmers almost certainly do not.

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

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