The average loan value for Black farmers has stalled since 2019
USDA direct loans given to Black farmers in 2021 averaged $76,000, about half the value of the average direct loan awarded to White farmers. Loan funding has also flatlined for Black farmers since 2019, while the average loan amount grew for most other groups.
Average direct loan amount awarded to farmers
$150k
White $147k
Asian $141k
American Indian/
Alaskan Native
$134k
$120k
Hispanic
$118k
$90k
Black $76k
Pacific Islander
$73k
$60k
$30k
0
2021
FY 2017
2018
2019
2020
Average direct loan amount awarded to farmers
$150k
White $147k
Asian $141k
American Indian/
Alaskan Native
$134k
$120k
Hispanic
$118k
$90k
Black $76k
Pacific Islander
$73k
$60k
$30k
0
2021
FY 2017
2018
2019
2020
Average direct loan amount awarded to farmers by demographic
$147k White
$150k
$141k Asian
$134k
American Indian/
Alaskan Native
$120k
$118k
Hispanic
$90k
$76k Black
$60k
$73k
Pacific Islander
$30k
0
2021
FY 2017
2018
2019
2020
