The Native American Agriculture Fund Applauds the Steps Taken by USDA to Temporarily Suspend Debt Collections and Foreclosures on Distressed Farm Loans
The Native American Agriculture Fund Applauds the Steps Taken by USDA to Temporarily Suspend Debt Collections and Foreclosures on Distressed Farm Loans
The US Department of Agriculture announced it was temporarily suspending debt collections and foreclosures for distressed borrowers under programs administered by the Farm Service Agency due to the national public health emergency caused by COVID-19.
“This is an important step that can help alleviate significant levels of stress on the agriculture sector – and more importantly on those who get up every morning to feed the rest of us,” said Janie Hipp (Chickasaw), CEO of the Native American Agriculture Fund. “This action will give our nation’s agricultural producers the breathing room they need to continue on in the midst of this global pandemic. Our rural and remote reservation and agricultural communities in Indian Country will rest a little easier because of this important step taken by USDA.”
“In the past, we had to push hard on USDA to consider such actions to help producers,” Hipp continued. “Today, we are seeing USDA proactively take these steps to give folks the breathing room they need to readjust their operations and survive to farm and ranch another day. We look forward to updates in the future and other actions like this to proactively help our nation’s farmers, ranchers and dedicated food champions.”
The Native American Agriculture Fund (NAAF) is a private, charitable trust serving Native farmers and ranchers through strategic grantmaking in the areas of business assistance, agricultural education, technical support, and advocacy services. The charitable trust was created by the settlement of the landmark Keepseagle v. Vilsack class-action lawsuit. NAAF is the largest philanthropic organization devoted solely to serving the Native American farming and ranching community. For more information visit https://nativeamericanagriculturefund.org/
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