USDA to Spend $1 Billion to Promote Climate-Friendly Agriculture
The USDA will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture and store climate-warming carbon, USDA Secretary Tom Vilsack told Reuters.
The agency announced the Partnerships for Climate-Smart Commodities program on Monday.
The program will tap funds from the USDA’s Commodity Credit Corporation, which provides up to $30 billion annually from the U.S. Treasury to help stabilize agricultural product prices and support farm income.
The investment is the latest Biden administration initiative aimed at combating climate change, with a goal to cut the farm sector’s greenhouse gas emissions in half by 2030 and put the United States on a path to net-zero emissions by 2050.
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