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Biden Administration to Invest $67 Million to Help Heirs Resolve Land Ownership and Succession Issues

DES MOINES, Iowa, July 29, 2021– The U.S. Department of Agriculture (USDA) is providing $67 million in competitive loans through the new Heirs’ Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Intermediary lenders -- cooperatives, credit unions, and nonprofit organizations – can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August.

Biden-Harris Administration Announces Intended Investment of Approximately $300 Million in 50 Projects Increasing Land, Capital, and Market Access for Underserved Producers

WASHINGTON, June 22, 2023 – The U.S. Department of Agriculture (USDA) today announced its selection of 50 projects for potential award, totaling approximately $300 million. These innovative projects will help improve access to land, capital, and markets for underserved farmers, ranchers, and forest landowners.

Biden Administration to Invest $67 Million to Help Heirs Resolve Land Ownership and Succession Issues

ALEXANDRIA, LA, July 29, 2021The U.S. Department of Agriculture (USDA) is providing $67 million in competitive loans through the new Heirs’ Property Relending Program (HPRP), which aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues.

USDA Designates Three Idaho Counties as Primary Natural Disaster Areas

This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of certain debts.

Availability of Low-Interest Physical Loss Loans for Producers Affected by Natural Disasters

Physical loss loans can help producers repair or replace damaged or destroyed physical property essential to the success of the agricultural operation, including livestock losses. Examples of property commonly affected include essential farm buildings, fixtures to real estate, equipment, livestock, perennial crops, fruit and nut bearing trees and harvested or stored crops and hay.

 

State: Arizona


Triggering Disaster Event: Monsoon/microburst that occurred on July 21, 2021.