# USDA announces $1 billion in debt relief for 36,000 farmers | PBS News

> USDA announced $1.3 billion in debt relief for about 36,000 farmers funded from $3.1 billion set aside in the Inflation Reduction Act. Delinquent borrowers with direct loans received about $52,000 on average and those with guaranteed loans about $172,000.

- Date: 2022-10-19 · published 2022-10-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/39119-usda-announces-1-billion-in-debt-relief-for-36-000-farmers-pbs-news
- 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

Debt relief keeps distressed farmers operating and may modestly support herd and crop retention, but the scale is too small to shift feed prices. The effect on commodity markets is negligible.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| CORN | 2019-07-25 | [USDA Announces Details of Support Package for Farmers \| USDA](https://feedsoft.ai/events/58069-usda-announces-details-of-support-package-for-farmers-usda.md) | -1.8% | -11.4% |
| CORN | 2018-08-27 | [USDA Announces Details of Assistance for Farmers Impacted by Unjustified Retaliation \| USDA](https://feedsoft.ai/events/63521-usda-announces-details-of-assistance-for-farmers-impacted-by-unjustified.md) | +0.5% | +0.9% |
| CORN | 2025-12-08 | [Trump is giving farmers $12 billion in aid \| AP News](https://feedsoft.ai/events/21483-trump-is-giving-farmers-12-billion-in-aid-ap-news.md) | -1.0% | +0.0% |
| CORN | 2026-06-25 | [Trump Seeks $11.1 Billion in New Aid for US Farmers Facing Low Crop Prices - Bloomberg](https://feedsoft.ai/events/18782-trump-seeks-11-1-billion-in-new-aid-for-us-farmers-facing-low-crop-prices.md) | -0.8% | +6.4% |
| SOY | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +3.2% | +4.0% |
| SOY | 2019-07-25 | [USDA Announces Details of Support Package for Farmers \| USDA](https://feedsoft.ai/events/58069-usda-announces-details-of-support-package-for-farmers-usda.md) | -3.0% | -3.4% |
| SOY | 2018-08-27 | [USDA Announces Details of Assistance for Farmers Impacted by Unjustified Retaliation \| USDA](https://feedsoft.ai/events/63521-usda-announces-details-of-assistance-for-farmers-impacted-by-unjustified.md) | -1.1% | -0.1% |

## Sources

- pbs.org: https://www.pbs.org/newshour/politics/usda-announces-1-billion-in-debt-relief-for-36000-farmers

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