Today, the U.S. Department of Agriculture (USDA) announced the first steps in its process for providing financial assistance to farmers, ranchers or forest landowners who have previously suffered discrimination with respect to USDA farm lending programs. In addition, USDA set a target of distributing the allocated funds, which were authorized by the Inflation Reduction Act, out to borrowers by the end of 2023. This process has been carefully designed in accordance with the IRA, the Federal Acquisition Regulation, and significant stakeholder input.
