Inflation Reduction Act Financially Distressed Borrowers Technical Assistance
Program Funding
Annual program obligations reported to SAM.gov.
Funded Projects
Examples of what this program has supported.
Program Objective
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. Section 22006 of this law provided additional funding to provide relief for distressed borrowers with certain FSA direct and guaranteed loans and expedited assistance to agricultural operations at risk. Section 22007 provided funding for technical assistance regarding farm financial management for historically underserved farmers and ranchers. Financially distressed borrowers require skilled technical assistance providers FSA is establishing a nationwide network of 1:1 TA Service Providers and Peer Supporters to provide knowledgeable and compassionate direct support to financially distressed borrowers. This funding opportunity and initiative is designed to address the significant financial hardships and barriers that farmers and ranchers are currently experiencing, including disasters and other challenges that necessitate individualized support. This work will provide support for organizations working with distressed borrowers and give them resources and training to assist farmers in accessing IRA authorized assistance.
Eligibility
Eligible Applicants
- U.S. State Government
- Nonprofit Organization
Colleges and Universities.
Beneficiaries
- Farmer / Rancher / Agriculture Producer
This funding is for organizations that work with farmers and ranchers and provide technical assistance to financially distressed farmers and ranchers.
How to Apply
Award Procedure
Proposals will be reviewed by a panel, scored, ranked and recommended for funding based on the publicly available rubric in the RFA. The cooperators administering the competition will approve and administer funding with prior approval from FSA.
Program details & compliance
Description
FSA is establishing a national Distressed Borrowers Technical Assistance network. This initiative will provide individualized support to financially distressed borrowers through Cooperative Agreements. By connecting key farm support organizations that have expertise in working with financially distressed and underserved farming communities, with the extensive resources and technical assistance networks of land grant partners, we are creating a robust support network of knowledgeable and compassionate 1:1 service providers who are dedicated to helping farmers and ranchers overcome significant financial hardships and barriers. This network not only aids farmers and ranchers directly, but also enhances the capacity of farm service providers across the non-profit and land grant service provider landscape to offer individualized assistance and support.
Mission Categories
Primary: Production and Operation
Other categories:
Agriculture Stabilization and ConservationEconomic Injury and Natural Disaster
Use of Funds
Allowed Uses
Funds may be used to conduct outreach, training, and technical assistance for financially distressed and historically underserved farmers and ranchers.
Restrictions
Unallowable expenses as outlined in 2CFR-200 are not permitted under this award.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart B — General Provisions
- Subpart C — Pre-Federal Award Requirements
- Subpart D — Post-Federal Award Requirements
- Subpart E — Cost Principles
- Subpart F — Audit Requirements