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USDA Announces $800 Million in Assistance to Distressed Farmers

USDA announced that over 13,000 borrowers have already received payments through the program.

USDA Announces $800 Million in Assistance to Distressed Farmers

Direct loan borrowers will receive an average of $52,000 in debt relief, while borrowers whose loans have been referred to the Treasury Department will receive an average of $101,000 in relief. USDA has also announced that it will release another $500 million in payments for farmers at risk of bankruptcy or foreclosure in the coming months. 

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