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.
Tom Vilsack gets a chance this week to outline his vision for a second stint at the Agriculture Department in which he will be expected to play a major role in carrying out President Joe Biden’s climate policy and racial justice agenda.
USDA is gearing up to start dispensing the first round of coronavirus relief payments to farmers, even as lawmakers struggle to agree on a Phase 4 stimulus bill that ag groups hope will provide additional funding for more aid.
Economists already were predicting that 2020 would be another tough year for the farm economy even before the COVID-19 pandemic hit and oil prices plunge. Now, a top farm economist who’s advising USDA says he expects the pandemic to have a “very large” impact on farm income.