Farm Service Agency offers farm loans for socially disadvantaged groups | NJ.com

Please someone tell me this is a hoax.

New Jersey USDA Farm Service Agency (FSA) Farm Loan Chief Kevin Murphy reminds producers that FSA offers specially-targeted farm ownership and farm operating loans to Socially Disadvantaged (SDA) applicants.

“FSA targets a portion of its loan funds each year to socially disadvantaged farmers and ranchers,” said Murphy. “Farming and ranching is a capital intensive business and FSA is committed to helping producers start and maintain their agricultural operations.” In fiscal year 2011, New Jersey FSA obligated $2.17 million in direct and guaranteed loans to socially disadvantaged producers.

USDA defines socially disadvantaged applicants as a group whose members have been subjected to racial, ethnic, or gender prejudice because of their identity as members of the group without regard to their individual qualities. For farm loan program purposes, SDA groups are women, African Americans, American Indians and Alaskan Natives, Hispanics and Asians and Pacific Islanders. Continue reading