By Jamie Martin
Porter Holder, a rancher from Soper, Oklahoma, and a member of the Choctaw Nation, has experienced firsthand the evolution of the USDA's lending policies.
Having faced challenges in securing a farm loan decades ago, his involvement in the Keepseagle lawsuit highlighted systemic issues within the USDA's loan processes, leading to significant policy changes.
In recent years, the Farm Service Agency (FSA) has implemented the "Enhancing Program Access and Delivery for Farm Loans Rule," introducing more flexible repayment terms, lower collateral requirements, and a Distressed Borrower Set-Aside Program. These changes aim to provide farmers with more manageable financial conditions, allowing for greater business sustainability and personal growth opportunities such as retirement savings or educational funding.
Despite his initial struggles, Holder now sees a positive shift at his local USDA Service Center, reflecting broader agency improvements. His successful adoption of rotational grazing practices, supported by USDA's Natural Resources Conservation Service (NRCS) through the Environmental Quality Incentives Program (EQIP), showcases the benefits of these programs.
Holder's story is not just about overcoming obstacles but also about fostering resilience and forward-thinking in agriculture.
The USDA's commitment to rectifying past wrongs and supporting future generations underscores a pivotal shift towards more inclusive and supportive farming practices across America.
Photo Credit: usda
Categories: National