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USDA to provide $123M for distressed farmers

The USDA will be rolling out $123 million in assistance for distressed farmers facing financial risk.

The announcement is part of $3.1 billion in Inflation Reduction Act funds to help distressed farm loan borrowers. The agency says it builds on the same program offered to borrowers last October.

The Farm Service Agency will provide the new round of relief starting in April. Qualifying borrowers will receive an individual letter detailing the assistance as payments are made.