Business
RD Legal Funding to provide post settlement funding to African American farmers to avoid foreclosure
Relief will soon be available to the tens of thousands of African American farmers who have still not received the funds due them through the Black Farmers Discrimination Litigation settlement. Many of these farmers, who face severe financial hardship and even foreclosure, may have to wait months, if not years, to receive their award after the settlement is finalized by the courts.
RD Legal Funding, LLC (“RD Legal”) will be providing post-settlement funding to the plaintiffs to help them stave off financial disaster as soon as their settlement amount is confirmed.
From 1988 through 1999 the United States Department of Agriculture (USDA) refused loans to black farmers while awarding greater loans to white farmers of equal standing, causing many black farmers to lose their farms or operate on a smaller scale.
