Black Farmers 2024 Settlement Update. Black farmers got $2 billion in usda payments to address discrimination in farm loans. Department of agriculture (usda) has reached a historic $2.2 billion settlement to compensate black and other.

Section 22007 of the inflation reduction act (ira) provides financial assistance for farmers, ranchers, and forest landowners who experienced discrimination by usda in usda’s farm lending programs prior to january 1, 2021. (ap) — the biden administration has doled out more than $2 billion in direct payments for black and other minority.