White farmers blocked a much-needed federal relief program for Black farmers. The saga proved Black farmers won't overcome racism unless they take their economic future into their own hands.

Business Insider ^ | July 12, 2021 | Cornelius Blanding

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A Black farmer checks the condition of his soy bean field. Getty© Getty A Black farmer checks the condition of his soy bean field. Getty In a historical step to redress racism, the USDA was poised to issue $4 billion in debt relief to farmers of color.

White farmers and banks pushed back, in an attempt to uphold the racist structures they've benefitted from for centuries.

Black farmers won't overcome racism until they take the levers of finance into their own hands and forge their own financial institutions.

This month, in a historic step to redress racism, the United States Department of Agriculture planned to begin issuing $4 billion in debt relief to minority farmers around the country. The move follows a long and ugly record of discrimination, including by the USDA itself.

[Chode]

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