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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 02, 2024
The agriculture portion of the $3.5 trillion spending package that Democrats are putting tougher is still a work in progress. In addition to $28 billion in conservation spending that still needs to be added to the legislation, there also will be some new farm debt relief.
Signup trends for the general enrollment in USDA’s Conservation Reserve Program over the last few years are showing higher acceptance rates, but some fear that’s due to the department lowering the environmental benefits index score, which determines eligibility requirements for the program.
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
Democrats on the House Agriculture Committee look today to advance a $66 billion spending measure that’s missing a major piece — another $28 billion in funding for conservation programs.
Over 2.5 million out of 3.9 million acres submitted have been accepted by USDA in this year’s Grassland Conservation Reserve Program enrollment, with additional priority zones for elk migratory paths and the Dust Bowl region.
The House Agriculture Committee is set to debate legislation today that would provide major increases in spending for agricultural research, clean energy and conservation programs.
U.S. airlines announced a goal to use 3 billion gallons of renewable jet fuel by 2030, and the White House released a plan to spur development of the biofuel the industry will need.
The Department of Agriculture is trying to help rural communities reduce energy bills and impacts to climate by investing $464 million to enhance renewable energy infrastructure, officials said Thursday.
Sources familiar with the agriculture provisions in the massive spending package Democrats are putting together expect it to include historic increases in conservation and research spending totaling nearly $36 billion.
House Democrats are moving ahead this week with debating key provisions of the $3.5 trillion tax and spending package. The House Ways and Means Committee has announced plans to take up the health care, paid leave and child care provisions Thursday and Friday. That would push its action on tax issues into next week.
