# USDA To Provide Additional Financial Assistance to Qualifying Guaranteed Farm Loan Borrowers Facing Financial Risk

> USDA announced automatic additional financial assistance for qualifying guaranteed farm loan borrowers facing financial risk. The aid is funded through $3.1 billion under Section 22006 of the Inflation Reduction Act and follows about $1.15 billion already provided to over 20,000 distressed borrowers.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/34566-usda-to-provide-additional-financial-assistance-to-qualifying-guaranteed-farm
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The aid helps keep financially stressed farms operating, which supports production capacity. Its effect on commodity prices is small.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-18 | [USDA to Provide Additional Direct Assistance to Farmers and Ranchers Impacted by the Coronavirus \| Farm Service Agency](https://feedsoft.ai/events/51103-usda-to-provide-additional-direct-assistance-to-farmers-and-ranchers-impacted.md) | -2.0% | +4.4% |
| CORN | 2021-04-19 | [American Rescue Plan Provides Assistance for Socially Disadvantaged Farmers \| Center for Agricultural Law and Taxation](https://feedsoft.ai/events/47580-american-rescue-plan-provides-assistance-for-socially-disadvantaged-farmers.md) | +6.1% | +15.5% |
| CORN | 2025-04-01 | [USDA Expediting $10 Billion in Direct Economic Assistance to Agricultural Producers](https://feedsoft.ai/events/25554-usda-expediting-10-billion-in-direct-economic-assistance-to-agricultural.md) | +1.0% | +2.2% |
| CORN | 2022-10-13 | [USDA Seeking Public Comment on a New Provision to Provide Assistance to Agricultural Producers Who Have Experienced Discrimination \| USDA](https://feedsoft.ai/events/39118-usda-seeking-public-comment-on-a-new-provision-to-provide-assistance-to.md) | +1.6% | -1.2% |
| CORN | 2022-11-18 | [USDA Previews Crop and Revenue Loss Assistance for Agricultural Producers: New Programs Will Provide Additional Pandemic and Natural Disaster Assistance for 2020 and 2021; Deadline Announced for Previous Emergency Relief \| Farm Service Agency](https://feedsoft.ai/events/38660-usda-previews-crop-and-revenue-loss-assistance-for-agricultural-producers-new.md) | -1.5% | -5.1% |
| SOY | 2020-09-18 | [USDA to Provide Additional Direct Assistance to Farmers and Ranchers Impacted by the Coronavirus \| Farm Service Agency](https://feedsoft.ai/events/51103-usda-to-provide-additional-direct-assistance-to-farmers-and-ranchers-impacted.md) | -2.8% | +3.3% |
| SOY | 2021-04-19 | [American Rescue Plan Provides Assistance for Socially Disadvantaged Farmers \| Center for Agricultural Law and Taxation](https://feedsoft.ai/events/47580-american-rescue-plan-provides-assistance-for-socially-disadvantaged-farmers.md) | +7.4% | +11.9% |
| SOY | 2025-04-01 | [USDA Expediting $10 Billion in Direct Economic Assistance to Agricultural Producers](https://feedsoft.ai/events/25554-usda-expediting-10-billion-in-direct-economic-assistance-to-agricultural.md) | -3.1% | +2.6% |

## Sources

- usda.gov: https://www.usda.gov/about-usda/news/press-releases/2023/08/11/usda-provide-additional-financial-assistance-qualifying-guaranteed-farm-loan-borrowers-facing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.