# USDA assists socially disadvantaged producers

> USDA began implementing farm debt relief for socially disadvantaged producers under the American Rescue Plan Act, passed in March 2021. The main component is 100% debt forgiveness plus 20% for tax effects, for loans outstanding as of January 1, 2021. The assistance totals about $5 billion of the $16 billion in agricultural relief.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46568-usda-assists-socially-disadvantaged-producers
- 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 may keep some producers in operation but does not change the overall supply or demand balance for feed grains. Its price effect is negligible.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-07-25 | [USDA Assists Farmers Harmed by Tariffs \| Farm Policy News \| Illinois](https://feedsoft.ai/events/64019-usda-assists-farmers-harmed-by-tariffs-farm-policy-news-illinois.md) | +3.5% | +2.0% |
| CORN | 2024-04-03 | [US Corn Producers Hope to Dismantle Ethanol Trade Barriers \| CZ app](https://feedsoft.ai/events/30723-us-corn-producers-hope-to-dismantle-ethanol-trade-barriers-cz-app.md) | -0.7% | -0.9% |
| 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% |
| SOY | 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) | -1.7% | +4.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/usda-assists-socially-disadvantaged-producers

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