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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, November 13, 2024
The Biden administration is launching the application process for a $1 billion program that will test ways farms of all sizes can profit from the low-carbon commodities they produce through practices that cut greenhouse gas emissions.
Lawmakers are staring at yet another government funding deadline with little sign of progress on a deal for fiscal 2022 spending, while ag groups await the Biden administration’s launch of its signature initiative for developing markets for low-carbon agricultural commodities.
Bolstered by strong commodity prices, U.S. farm earnings should stay well above historic levels this year even as producers grapple with high production costs and the government’s pandemic relief phases out, the Agriculture Department reports.
Minority farmers and producers considered to be historically underserved by federal programs, including beginning farmers, received less than 4% of the payments provided by the Trump administration’s Market Facilitation Program, according to the Government Accountability Office.