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Shining Light on Farm & Food Policy for 20 Years.
Saturday, July 27, 2024
Seven western agricultural groups are pressing the Bureau of Reclamation to quickly determine how it plans to spend $4 billion in Inflation Reduction Act funding to incentivize water conservation in drought-stricken areas.
Some farmers could face foreclosure on USDA loans as soon as this fall, so the department may begin providing some newly authorized debt relief through a phased-in approach in order to address the immediate need for help, Agriculture Secretary Tom Vilsack says.
The Bureau of Reclamation has reached out to agriculture interests in the West as the agency considers how to spend the $4 billion earmarked in the recently enacted Inflation Reduction Act for bolstering water-saving efforts in the Colorado River Basin and other drought-stricken areas.
The recently enacted climate law could provide $745 billion to $1.9 trillion in benefits to the nation through 2050 from the reduced impacts of climate change, according to an analysis by the White House Office of Management and Budget.
USDA will begin accepting applications for $100 million in grants to fund transportation fueling and fuel distribution facilities for higher blends of ethanol and biodiesel.
A federal indictment unsealed on Tuesday shows TJ Cox, a California Democrat whose one term in Congress included time on the House Agriculture Committee, is facing 28 counts of fraud.
A revised climate funding package Democrats are pushing through the Senate this weekend scraps a debt relief program for minority farmers that was blocked by the courts and replaces it with new programs earmarked for “distressed” USDA borrowers as well as farmers the department has discriminated against.
The climate funding package that Senate Democrats expect to pass this weekend will include $4 billion in drought-related funding for the Bureau of Reclamation.