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Balanced Reporting. Trusted Insights.
Monday, October 18, 2021
More than $90 billion in agriculture spending, including a 50% increase in conservation program funding, is at stake as congressional Democrats wrangle over how to pare back their $3.5 trillion Build Back Better bill to woo critical moderate votes.
A broad coalition of farm and conservation groups says a USDA-run carbon bank should be used to test ways to establish carbon accounting guidelines, expand the use of climate-friendly farming practices and enable small-scale farms and minority producers to benefit from carbon markets.
Even as congressional Democrats push through a $1.9 trillion economic stimulus package, attention is turning to legislation that could be use to fund agricultural climate initiatives: an infrastructure package that could be in the range of $3 trillion.
The Senate is finally set to vote today on sending Tom Vilsack back to USDA for a new stint as agriculture secretary, more than a month after Joe Biden became president.
American Farm Bureau Federation President Zippy Duvall kicked off the organization’s annual gathering by highlighting the organization’s efforts to build relationships with a host of new officials.
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.
