Black Farmers Settlement 2024 Payout. Black farmers will receive settlement payments of $62,500, including $50,000 for the claim and $12,500 for taxes. Of the $1.2 billion, about $91 million was approved.

The payouts come nearly two years after the inflation reduction act of 2022 created a fund to help farmers of any ethnicity who experienced discrimination from the. For decades, black farmers and others have argued that they’ve been left.