In 2007, 348 (757 in 2002) African American farmers received Commodity Credit Corporation (CCC) loans amounting to a total of $9.9 million. This averaged $28,408 per participating African American farmer, about 32% of the national average ($87,917). Average CCC loan value to white farmers ...
4. Beginning Farmer and Rancher Loans To encourage new faces in agriculture and address challenges faced by beginner farmers who lack significant operating history or collateral assets, the USDA provides the option of USDA beginning farmer loan programs. These loan programs aimed at reducing barriers ...