ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Ag Banking

USDA provides funding for underserved and veteran farmers

May 16, 2023
Reading Time: 1 min read
The farm data revolution: Empowering banks to better manage risk

Approximately $45 million will be made available by the U.S. Department of Agriculture to organizations that help underserved and veteran farmers, ranchers and foresters own and operate successful farms.

The funding is available through USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and Ranchers Program, also known as the 2501 Program.

The 2501 Program has been in place for more than 30 years, providing assistance to help underserved farmers and ranchers who have experienced barriers to service due to racial or ethnic prejudice. The 2014 Farm Bill expanded the program to include assistance to veteran farmers and ranchers. The 2018 Farm Bill increased mandatory funding for the program through fiscal year 2023 with a permanent funding level of $25 million for each year thereafter. With 2501 Program funding, organizations conduct education, training, farming demonstrations and conferences on farming and agribusiness to increase access to USDA’s programs and services.

Since 2010, the 2501 Program has awarded 615 grants totaling more than $194 million. Applications must be submitted through Grants.gov and received by July 25.

Tags: Rural bankingRural bankingUSDA
ShareTweetPin

Related Posts

ABA outlines banker priorities for 2023 Farm Bill

Senate Ag Committee reaches an impasse on Farm Bill

Ag Banking
August 6, 2026

The Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program.

Prologue and Predictions: 2021’s Ag Policy Shifts and a Look at the Coming Year

ABA: Senate Farm Bill draft mostly a good deal for ag banks

Ag Banking
July 30, 2026

From the perspective of the American Bankers Association’s agriculture and rural policy team, the Senate Farm Bill currently set for markup is an improvement for agriculture banks.

Report: Despite headwinds, farmland investments stable long term

Report: Despite headwinds, farmland investments stable long term

Ag Banking
May 27, 2026

Farmland investments will, over the long term, continue to offer a "credible and actionable pathway" for investors, according to a recent report from Bank of America. In an ever-changing economic landscape, farmland remains a "resilient and reliable investment...

Farm Credit returns excess insurance funds to system banks

Fed ag lender survey predicts bleak farm income, spending picture

Ag Banking
May 26, 2026

Lenders reported that interest rates for most farm loans increased slightly, while demand for credit increased. Loan renewals and extensions also increased, while rates of loan repayment declined.

ABA report: U.S. farm banks show growth and stability in 2024

Farm banks continue deep rural roots, strong role in ag financing

Ag Banking
May 5, 2026

Farm banks accounted for more than one-third of all farm lending nationwide while maintaining solid capital, profitability and employment levels in 2025, according to ABA's 2025 Farm Bank Performance Report. Farm banks added 2,037 jobs in 2025 and...

State bankers associations urge Congress to help struggling farmers

House passes Farm Bill

Ag Banking
April 30, 2026

The House voted 224-200 in favor of its version of the Farm Bill, sending the legislation to the Senate.

NEWSBYTES

FDIC overhauls review process for deposit insurance applications

August 10, 2026

ABA donates $25,000 to support Washington state wildfire relief efforts

August 10, 2026

Fed updates BIC program as part of discount window modernization

August 10, 2026

SPONSORED CONTENT

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.