# Inflation Reduction Act in Action | Farm Loans: A Road to Recovery | Farmers.gov

> USDA described Inflation Reduction Act funding of $3.1 billion for distressed borrowers and Farm Service Agency loans. About 20,000 producers received assistance, and USDA also provided about $1.1 billion to bring delinquent borrowers current. A Michigan blueberry farmer was cited as an example of an operation kept viable.

- Date: 2023-06-20 · published 2023-06-20T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/35477-inflation-reduction-act-in-action-farm-loans-a-road-to-recovery-farmers-gov
- 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

Loan relief helps keep farms operating and supply steady, but its effect on commodity prices is small.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-12 | [Reviewing the Inflation Reduction Act of 2022; Part 2 - farmdoc daily](https://feedsoft.ai/events/40027-reviewing-the-inflation-reduction-act-of-2022-part-2-farmdoc-daily.md) | -0.7% | -1.6% |
| CORN | 2019-09-16 | [U.S. farmers receive $4.07 billion of latest government trade aid](https://feedsoft.ai/events/57082-u-s-farmers-receive-4-07-billion-of-latest-government-trade-aid.md) | +3.4% | +8.3% |
| CORN | 2020-12-01 | [Farmers Have Received $7.7B in Trade Aid to Date \| Feed & Grain](https://feedsoft.ai/events/49635-farmers-have-received-7-7b-in-trade-aid-to-date-feed-and-grain.md) | -0.4% | +1.4% |
| CORN | 2023-09-05 | [Governors Priorities to Reauthorize the Farm Bill - National Governors Association](https://feedsoft.ai/events/34088-governors-priorities-to-reauthorize-the-farm-bill-national-governors-association.md) | +0.9% | -5.3% |
| CORN | 2023-06-16 | [Payment limits to be reconsidered in Farm Bill \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35467-payment-limits-to-be-reconsidered-in-farm-bill-agri-pulse-communications-inc.md) | +2.2% | -5.1% |
| SOY | 2022-08-12 | [Reviewing the Inflation Reduction Act of 2022; Part 2 - farmdoc daily](https://feedsoft.ai/events/40027-reviewing-the-inflation-reduction-act-of-2022-part-2-farmdoc-daily.md) | -12.5% | -12.9% |
| SOY | 2022-09-01 | [Economist's Angle: What’s in the Inflation Reduction Act for Soybeans? - American Soybean Association](https://feedsoft.ai/events/15371-economist-s-angle-what-s-in-the-inflation-reduction-act-for-soybeans-american.md) | -2.5% | -6.4% |
| SOY | 2019-09-16 | [U.S. farmers receive $4.07 billion of latest government trade aid](https://feedsoft.ai/events/57082-u-s-farmers-receive-4-07-billion-of-latest-government-trade-aid.md) | -0.2% | +5.8% |

## Sources

- farmers.gov: https://www.farmers.gov/blog/inflation-reduction-act-in-action-farm-loans-road-recovery

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