Farm Loan Borrower Relief Program
The Farm Loan Borrower Relief Program (FLBRP) is authorized in Section 22006 of the Inflation Reduction Act of 2022 (IRA) and will provide assistance to economically distressed direct and guaranteed farm loan borrowers whose operations are at financial risk.
General information about this opportunity
Last Known Status
Active
Program Number
10.970 Federal Agency/Office
Farm Service Agency, Department of Agriculture Type(s) of Assistance Offered
C - Direct Payments For Specified Use
Program Accomplishments
Not applicable. Authorization
Farm Loan Immediate Relief for Borrowers with At-Risk Agricultural Operations, Title Inflation Reduction Act of 2022, Part 1, Section 22006, Public Law 117-169Farm Loan Immediate Relief for Borrowers with At-Risk Agricultural Operations
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Application is not needed as eligibility criteria is made by the Secretary with potential recipient accounts already known by FSA as they are existing loan customers who previously underwent an extensive application process to originally obtain a loan or loan guarantee from FSA. Certain assistance opportunities may require the FSA loan customer to provide documents to validate program requirements. Beneficiary Eligibility
Not applicable. Credentials/Documentation
Not applicable. What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is required. An environmental impact assessment is required for this listing. Application Procedure
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Award Procedure
Payments and/or loan modifications will be applied to accounts by FSA staff. Deadlines
Not applicable.
Approval/Disapproval Decision Time
Not applicable. Appeals
Farm loan borrowers will be notified of payment eligibility status and be provided with appeal rights Renewals
Not applicable. How are proposals selected?
Not applicable. How may assistance be used?
Funds will be used to assist financially at-risk farm loan direct and guaranteed borrowers whose operations are distressed, or at-risk of becoming financially distressed. What are the requirements after being awarded this opportunity?
Reporting
Not applicable. Auditing
Not applicable. Records
Not applicable. Other Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Title Inflation Reduction Act of 2022 Part 1 Subpart 22006 Public Law 117-169Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
IRA puts in place an end date of September 30, 2031 or until all $3.1B has been invested. Who do I contact about this opportunity?
Regional or Local Office
For a list of FSA State offices with telephone numbers and addresses, information is available on the internet, visit FSA website at: www.fsa.usda.gov to locate nearest office. Headquarters Office
Carolyn Estrada1400 Independence Ave SW
Washington, DC 20250 USA
carolyn.estrada@usda.gov
Phone: (202) 690-1560
Financial Information
Account Identification
12-1124-0-1-351 Obligations
(Direct Payments for Specified Use) FY 22$0.00; FY 23 est $3,100,000,000.00; FY 24 - Range and Average of Financial Assistance
Not applicable/available. Regulations, Guidelines and Literature
Inflation Reduction Act of 2022, Section 22006 Examples of Funded Projects
Not applicable.
