Farmers struggling in Central New York (and around the country) are getting a financial boost. At the Farm Aid Festival in Saratoga Springs on September 21, the USDA introduced the Distressed Borrowers Assistance Network to provide personalized financial guidance with farm advocate partnerships and local institutions.
The initiative aims to help New York farmers access tailored loan programs, streamline applications, and find solutions for financial recovery.
Nationwide, the USDA reports farmers lost nearly 22 billion dollars in crop and rangeland damages due to extreme weather in 2023. The network seeks to mitigate those losses by stabilizing and improving long-term sustainability for agricultural producers.
Locally, agriculture contributes more than 8-billion dollars in revenue to New York’s economy. For more information, find your local service center.
