USDA to start debt forgiveness and payouts to some 13,000 Black, Hispanic and other minority farmers in June

Agriculture secretary Tom Vilsack told The Washington Post he estimates that between 11,000 and 13,000 Black, American Indian, Hispanic, Alaskan Native, Asian American or Pacific Islander farmers will benefit from this program, with the entirety of their loans paid off by the U.S. Treasury. Eligible farmers and ranchers will also receive an additional 20 percent of that loan as a cash payment sent directly to them, to cover the tax burden that comes with such large debt relief.