By: Rasheda Beckles, FSA, Elmore Service Center, Wetumpka, Alabama
Through no fault of their own, our nation’s farmers and ranchers have faced incredibly tough circumstances. That includes producer Marcus Milford of Alexander City, Ala., who is one of the more than 20,000 producers who received life-changing, transformational support from the U.S. Department of Agriculture (USDA). Through the Inflation Reduction Act (IRA), USDA has been able to provide approximately $1.1 billion in immediate assistance for distressed borrowers, including those who were behind on their USDA farm loans, to help make them current.
This helped producers like Marcus who were at risk of losing their operations due to several unprecedented challenges, including trade disruptions, a worldwide pandemic, continued impacts on input costs and markets, and more frequent, more intense, climate-induced natural disasters. Continue reading