New Inflation Reduction Act Alters Black Farmer Relief

By Jacqui Fatka

Farm Futures

The first reconciliation bill passed through Congress in 2021 provided $4 billion in relief for farmers of color. However, after being tied up in the courts over claims of reverse discrimination, the latest reconciliation package – the Inflation Reduction Act – repeals the original provisions and replaces it to be accessible to all USDA distressed borrowers.

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