Racial Disparities in Farm Loan Application Processing: Are Black Farmers Disadvantaged?
Retrieved on:
星期四, 九月 28, 2023
MILWAUKEE, Sept. 28, 2023 /PRNewswire-PRWeb/ -- New research finds that FSA direct loans for Black farmers took about 2 days longer on average than loans for all other farmers to be completed and processed. However, the effect was almost entirely concentrated among operating loans (OLs). But why?
Key Points:
- MILWAUKEE, Sept. 28, 2023 /PRNewswire-PRWeb/ -- New research finds that FSA direct loans for Black farmers took about 2 days longer on average than loans for all other farmers to be completed and processed.
- In the new article " Racial Disparities in Farm Loan Application Processing: Are Black Farmers Disadvantaged? "
- The long history of discrimination in rural Black communities may have increased friction between the respective communities.
- As such Black borrowers might be hesitant to rely on the USDA and FSA staff might exhibit an excess of caution in processing Black applications."