USDA Launches Support Network for Financially Stressed Producers

The USDA has launched the Distressed Borrowers Assistance Network, an initiative designed to provide support to financially distressed farmers and ranchers across the nation.  Through a series of Cooperative Agreements, this national network will connect distressed borrowers with individualized assistance to help them stabilize and regain financial footing.

“I started my off-ranch career as a Farm Advocate, working hand-in-hand with other tireless farmer advocates. Having someone with experiences in ag finance help producers work through financial difficulties can be the difference between them losing the farm or prospering,” said FSA Administrator Zach Ducheneaux. “The Distressed Borrowers Assistance Network underscores our dedication to farmers and ranchers receiving the tailored support they need. These partnerships also illustrate that USDA acknowledges the importance of these advocates and sees them as part of the solution to ensure program access for all farmers, ranchers, and producers.”

Ducheneaux noted the Distressed Borrowers Assistance Network underscores FSA’s dedication to farmers and ranchers receiving the tailored support they need.  He also said the initiative will address the immediate needs of distressed borrowers and provide comprehensive, wraparound services aimed at addressing the unique challenges faced by financially distressed producers.  Investments will build a support network for agriculture in the years ahead.

Network partners include Farm Aid, the University of Arkansas, the University of Minnesota, and others.

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