Lawmakers are still far from an agreement on spending for fiscal 2022 more than four months into the budget year. So, the House is going to take up yet another stopgap spending bill to keep the government funded through March 11.
The Biden administration is launching the application process for a $1 billion program that will test ways farms of all sizes can profit from the low-carbon commodities they produce through practices that cut greenhouse gas emissions.
USDA’s top climate adviser is trying to dispel concerns that the administration’s carbon spending will crowd out private investors. That’s a concern shared by some entities that are building private carbon credit markets.
President-elect Joe Biden’s commitment to addressing climate change and the food and ag industry’s progress in coalescing on ag carbon proposals are increasing the chances that farmers could see new income streams developing through private markets and USDA programs.