A nationwide cap and trade program hasn’t been on the legislative horizon since the idea died in Congress in 2010, but government and private market developers are counting on there being a robust demand for carbon offsets from a host of corporations, including energy companies, airlines and even major food companies, that need to offset their emissions.
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.
Producers can begin signing up for the Conservation Reserve Program Jan. 4 and CRP Grasslands March 15, USDA has announced. The CRP signup will run through Feb. 12, while the grasslands signup will go through April 23.
Leading farm groups united with two major environmental groups to release on Tuesday more than 40 policy proposals aimed at helping farmers benefit economically from reducing U.S. greenhouse gas emissions while helping growers become more resilient amid climate change.
A dizzying array of ongoing research projects, with sponsors ranging from the Energy Department to multinational food industry giants, may determine whether carbon credit markets can become a reliable, meaningful source of income for farmers.
The House is back in session this week along with the Senate, and lawmakers face a lengthy to-do list, which includes passing a stimulus bill as well as an omnibus appropriations measure to fund the government through the rest of fiscal 2021.
Rep. Marcia Fudge, D-Ohio, is backing Rep. David Scott, D-Ga., to be the next chairman of the House Agriculture Committee, Fudge’s staff confirms to Agri-Pulse. Fudge would be honored to serve as secretary of agriculture, if offered the position, an aide said.