In the 1980's and 90's the USDA in the South actively discirminated against black farmers applying for loans. The Supreme Court agreed and ordered the USDA to pay legitimate claims. After many delays caused by Republicans the law is finally being signed so the wronged farmers, or in many cases ex farmers who lost their farms because they couldn't get loans can finally be compensated.
King called it a backdoor reparation for slavery created by a black urban Presdident. Truth is the whole issue was settled before Obama was even a Senator. Republicans have argued that most of the claims are fraudulent. The USDA after examining all the paper including written evidence of loans being turned down found 3 cases of fraud out of 15,000 claims.
Watch this short video of King speaking about the issue.
For the record King is all in favor of corn subsidies for farmers in Iowa that lower the cost of corn syrup so food prosessors can use it in a variety of products to help push up the obesity rate.