NFFC's Advocacy for Debt Relief Pays Off
For years NFFC has called for debt relief for farmers and its fair and transparent implementation, including it as a top priority in our Farm Bill platform. The advocacy efforts and accomplishments by NFFC, our members, and our allies have helped secure billions in funding for tens of thousands of farmers! Years of groundwork paved the path to the 2022 Inflation Reduction Act (IRA), which dedicated $5.3 billion to loan forgiveness for farmers. Most recently, we celebrated the final payments made to 43,000 farmers through the Discrimination Financial Assistance Program (DFAP) established in the IRA!
We continue to fight for federal policies that support farmers' financial health, especially through fair pricing and better farm credit opportunities. Read more here about our historic work to achieve debt relief, and what's next.
P.S. - Some DFAP applicants have recently been targeted by scammers who are taking money to "re-submit" applications. The USDA has confirmed that the program closed on July 31 and will not be re-opened for new applications.
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