LINCOLN- More than 13,000 farmers have benefited from nearly $800 million in federal debt relief, said U.S. Secretary of Agriculture Tom Vilsack.

The assistance came from a new federal initiative to erase farmers’ loan delinquencies to the U.S. Department of Agriculture and private lenders or to resolve their remaining debts after foreclosure.

Going forward, the USDA is expected to give hundreds of millions of dollars of relief to farmers who are facing bankruptcy or foreclosure and to those who are at risk of missing payments on their loans.

“The star of the show here is the farmer,” Vilsack told reporters. “The person that really matters is the farmer, and keeping that farmer, him or her, on the land so that he or she can take care of their family and their community.”

The government’s farm loan obligations for its 2022 fiscal year, which ended Sept. 30, totaled about $5.8 billion, according to USDA records. States with the highest obligations included Iowa at about $484 million, Arkansas at $424 million, Oklahoma at $366 million and Nebraska at $341 million.

For those with government-backed loans from private entities, the average benefit was about $172,000.

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