From USDA
Intermediary lenders can now apply for loans through the new Heirs’ Property Relending Program (HPRP). The U.S. Department of Agriculture (USDA) is accepting applications today through October 29, 2021, and cooperatives, credit unions and nonprofit organizations are encouraged to apply for these competitive loans, which ultimately will help agricultural producers and landowners resolve heirs’ land ownership and succession issues.
“Heirs’ property issues have long been a barrier for many producers and landowners to access USDA programs and services, and this relending program provides access to capital to help producers find a resolution to these issues,” said Zach Ducheneaux, Administrator of USDA’s Farm Service Agency (FSA). “USDA is committed to revising policies to be more equitable and removing barriers faced by heirs’ property owners is part of that effort.”