Skip Navigation
Gardening @lemmy.ml Metawish @lemmy.ml

USDA Announces $67 Million in Loans for Farmers with Title Issues

modernfarmer.com USDA Announces $67 Million in Loans for Farmers with Title Issues - Modern Farmer

USDA Secretary Tom Vilsack announced Thursday morning that his department would provide $67 million in loans to farmers struggling with heirs’ property

USDA Announces $67 Million in Loans for Farmers with Title Issues - Modern Farmer

...if a land owner died without a will, that land would be divided up among the owner’s heirs. Once they passed on, the land would be further divided among their heirs. While property might be in a single family’s control for generations, they don’t have legal title or claim to the land. That means they cannot easily sell the land or consolidate fractured acreages.

0
0 comments