USDA launches Distressed Borrowers Assistance Network with debt consolidation tool to support troubled farmers and ranchers.

The USDA has launched the Distressed Borrowers Assistance Network to support financially troubled farmers and ranchers nationwide. The initiative offers personalized assistance through partnerships with organizations like Farm Aid and universities, aiming to stabilize borrowers and enhance their access to financing. Additionally, the USDA introduced a Debt Consolidation Tool to help producers manage their debts more effectively, promoting financial resilience and potential savings.

September 30, 2024
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