By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Commodities > Biden administration pledges fight to keep climate-friendly farming funds
Commodities

Biden administration pledges fight to keep climate-friendly farming funds

News Room
Last updated: 2023/05/03 at 9:22 AM
By News Room
Share
2 Min Read
SHARE

By Leah Douglas

WASHINGTON (Reuters) – The Biden administration will defend funding for climate-smart farming in the $430 billion U.S. Inflation Reduction Act (IRA) if Republican lawmakers seek to cut it during negotiations for the next farm bill, an official said Tuesday.

The IRA, which aims to cut emissions across the U.S. economy, includes $20 billion to support farmers in implementing carbon-sequestering conservation practices on their land.

As negotiations begin over the next farm bill, which funds farm commodity, conservation, and nutrition programs, some Republicans have raised concerns about how the IRA funds would be spent and floated reallocating some of the money.

The Biden administration would resist any effort to reallocate the funds, said White House deputy chief of staff John Podesta in a conversation with Reuters reporters on Tuesday.

“The program is popular,” Podesta said. “We’ll fight for it and I think we’ll be successful in the upcoming farm bill negotiations.”

Podesta said President Joe Biden’s administration has heard support for the climate-friendly funds from farmers across the country. The money would provide farmers with technical and financial assistance to implement practices like planting cover crops or reducing soil tillage.

“We’re not hearing any complaints from farmers. We’re hearing complaints from Republican politicians,” he said.

Some Republicans have expressed concerns that the funds are too narrowly tailored or could be distributed unevenly.

At a March 1 hearing of the Senate Agriculture Committee, John Boozman of Arkansas, ranking member of the committee, asked U.S. Department of Agriculture officials whether some crops would receive more support from the IRA money than others.

Terry Cosby, the chief of USDA’s Natural Resources Conservation Service, said USDA has a methodology in place to ensure fair allocation of the money.

Read the full article here

News Room May 3, 2023 May 3, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Hong Kong listings pipeline hits record high as equity market booms

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Gaza on brink of running out of fuel in Israeli siege

Fuel stocks in Gaza have been almost completely depleted, UN officials have…

Donald Trump’s tariff deadline looms

Hello and welcome to the working week.Anyone for taco? As all of…

Netanyahu and Trump to discuss new Gaza deal at White House

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

China reroutes exports via south-east Asia in bid to dodge Trump’s tariffs

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?