The Agriculture Department has a crucial role to play in developing agricultural carbon markets by ensuring the credits are legitimate and making it as easy as possible for farmers to participate, senators were told Wednesday.
The Senate Agriculture Committee will hold a landmark hearing this week on a bipartisan plan to accelerate the development of agricultural carbon markets, and the panel also is set to act on a measure to reauthorize federal grain standards and export inspections.
The American Farm Bureau Federation sent the Senate a wish list for the next coronavirus relief bill that includes a significant new round of aid to farmers as well as assistance for rural broadband and health care providers.
A new bipartisan Senate bill that has the backing of leading farm and environmental groups aims to address climate change by directing the Agriculture Department to play a key role in overseeing the operation of agricultural carbon markets.
A massive economic stimulus bill that congressional leaders are rushing to finish could allow the Agriculture Department to provide multiple forms of aid to different sectors hit by the coronavirus epidemic as well as a fresh round of Market Facilitation Program payments, a key senator says.