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Balanced Reporting. Trusted Insights.
Monday, August 08, 2022
The Democratic-controlled Senate on Sunday passed an historic package of financial incentives for cutting U.S. greenhouse gas emissions, including a dramatic increase in farm bill conservation programs aimed at spurring farmers to adopt climate-related farming practices.
The climate funding package that Senate Democrats have agreed on should make it easier to pass the next farm bill while helping consumers and producers deal with climate change, says a Democrat on the Senate Agriculture Committee, Tina Smith of Minnesota.
Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va., brought new hope to the renewable fuel industry last week by resurrecting scrapped measures from last year’s Build Back Better Act into a scaled-back version of the bill.
Senate Democrats don’t have a vote to spare this week as they try to pass their historic climate package, including more than $20 billion aimed at helping farmers adopt practices that reduce greenhouse emissions.
Senate Majority Leader Chuck Schumer announced an agreement with Sen. Joe Manchin on a narrow reconciliation bill that would provide $369 billion in climate-related provisions, including more than $20 billion for farm bill conservation assistance and additional incentives for low-carbon biofuels and rural electric co-ops.
Arizona's farmers, already receiving 65% less Colorado River water, are preparing to be entirely cut off from the aqueduct supply as the Bureau of Reclamation pressures states to slash water usage amid an ongoing drought.
The House will debate a package of six spending bills that include funding for departments and agencies critical to agriculture, and Republicans are pushing for votes on amendments aimed at highlighting key parts of President Joe Biden’s regulatory agenda.
The 2018 farms bill’s main commodity programs will probably provide little help to most farmers who struggling this year with soaring production costs, but lawmakers included key provisions in the 2018 farm bill that could help growers significantly over the next few years.
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