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.
Joe Biden’s farm policy relies heavily on ramping up conservation spending as a way to support farm programs. But former Agriculture Secretary Tom Vilsack tells Agri-Pulse that he thinks the Biden administration, working with Congress, could act quickly next year to shore up farm income, possibly through a new stimulus bill.
The Trump administration is handing out so much money to farmers that the United States will blow through its spending limit under World Trade Organization rules for 2019 and likely 2020, potentially exposing U.S. farm programs to legal challenges, according to a new analysis.
A backed-up food supply chain and a bottlenecked legislative process await senators as they return to Washington next week, and the desires for the next round of coronavirus assistance are already piling up.
The leader of the House Agriculture Committee says he wants to see more money go into USDA’s Commodity Credit Corp., but he’s willing to oppose a funding increase without conditions giving Congress more authority over how the money is spent.
A House stopgap spending bill aimed at avoiding an Oct. 1 government shutdown would ensure that trade assistance to farmers continues and also would bolster specialty crop research and fund USDA’s coming hemp program.