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Supreme Court clears the way for Republican-friendly Texas voting maps; In Twin Cities, riverfront development rules get on the same page; Boston College Prison Education Program expands to women's facility; NYS bill requires timely state reimbursement to nonprofits; Share Oregon holiday spirit by donating blood.

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Trump escalates rhetoric toward Somali Americans as his administration tightens immigration vetting, while Ohio blocks expanded child labor hours and seniors face a Sunday deadline to review Medicare coverage.

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Native American tribes are left out of a new federal Rural Health Transformation Program, cold temperatures are burdening rural residents with higher energy prices and Missouri archivists says documenting queer history in rural communities is critical amid ongoing attacks on LGBTQ+ rights.

As FSA loan changes aim to support farmers, advocates say more needed

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Friday, November 8, 2024   

New federal loan adjustments aim to ease financial burdens for farmers but advocates said lasting change requires legislative action.

The U.S. Department of Agriculture recently announced changes to the Farm Service Agency's farm loan programs. The changes are designed to increase opportunities for farmers and ranchers to become financially viable by offering improved financing options for operating expenses, land and equipment purchases.

Velisha Jackson, a farmer and member of the Federation of Southern Cooperatives, said one of the most significant changes is the introduction of flexible repayment terms. She believes it is crucial for those who have struggled under the previous system.

"I think the flexible repayment terms, that is going to be major," Jackson emphasized. "You're talking about a population of farmers and landowners who often lost acreage because they missed a payment."

She noted another major benefit is having new guidance to help people navigate through the application process such as the addition of online tutorials and educational resources. As a part of the changes the Farm Service Agency is also offering debt refinancing options and limits how much collateral farmers need to provide, so they are not risking their homes and assets.

Jackson warned while the new rules are a step forward, they might not be permanent, which is why groups such as the National Family Farm Coalition and the Rural Advancement Foundation International are endorsing the Fair Credit for Farmers Act. The goal is to strengthen Farm Service Agency services further by improving access and accountability in farm loan services while bolstering farmer-borrower rights.

Jackson stressed passing the legislation is crucial for ensuring long-term support and equity in the agricultural sector.

"We have to have enough legislation to allow us to provide those food and food streams to support people," Jackson contended. "Whether it's in underserved communities where maybe they don't have access to food or even healthy or organic choices."

One way the legislation seeks to create better outcomes for farmers is by correcting the imbalance of power in the appeals process, shifting the burden of proof onto the Farm Service Agency rather than farmers.


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