The Securities and Exchange Commission is considering new climate disclosure rules for corporations that could have far-reaching implications for U.S. farmers, depending on how stringent the regulations turn out to be.
President Joe Biden released his full budget request for fiscal 2022, detailing his plans to ramp up spending at the Agriculture Department for climate research and agricultural adaptation while also increasing spending for environmental regulation at the Environmental Protection Agency and Interior Department.
The U.S. doesn’t just want to employ modern farming technology and practices to combat climate change. It wants to work with governments and the private sector around the globe to collaborate on research through a new platform to improve the way farmers and ranchers produce food and fiber while reducing carbon emissions and preserving the environment.
The Agriculture Department issued a climate strategy Thursday that heavily focuses on measuring the impact of climate-friendly practices, taking steps to facilitate private carbon markets and ensuring all farmers can benefit financially from addressing climate change.
Representatives of the United States, Mexico and Canada sit down to hash out trade disagreements this week, while President Joe Biden continues discussions with Republicans on an infrastructure package.
President Joe Biden tries this week to sell congressional Republicans on his massive spending plans and tax proposals, while his nominee for the No. 2 position at the Agriculture Department moves closer to a final Senate vote.
Farm and environmental groups that often disagree on ag policy are urging the Agriculture Department to prioritize climate change in conservation programs and to consider changes to crop insurance that would promote the use of cover crops and other carbon-conserving practices.
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.
Cory Booker, a New Jersey Democrat who’s one of the Senate Agriculture Committee’s newest members, is jumping into a range of farm policy issues, including pushing for as much as $20 billion a year in new conservation spending to be part of an upcoming climate and infrastructure package.