Agriculture TrendsAgriculture Trends
  • Home
  • News
  • Business
  • Insights
  • Crops
  • Livestock
  • Machinery
  • Technology
  • Farm Management
  • Weather
  • More
    • Web Stories
    • Press Release
    • Trending

Subscribe to Updates

Get the latest agriculture news and updates directly to your inbox.

What's On

Unfavorable weather slows soybean planting in Brazil

December 4, 2023

OSU, Adapting to Prop 12: Sow farm challenges, strategies

December 1, 2023

Nat’l. Pork Board partnership to support the show pig industry

December 1, 2023
Facebook X (Twitter) Instagram
Agriculture TrendsAgriculture Trends
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact
Facebook X (Twitter) Instagram
SUBSCRIBE
  • Home
  • News
  • Business
  • Insights
  • Crops
  • Livestock
  • Machinery
  • Technology
  • Farm Management
  • Weather
  • More
    • Web Stories
    • Press Release
    • Trending
Agriculture TrendsAgriculture Trends
Home » Biden to announce $5 billion in funding for land stewardship and rural development

Biden to announce $5 billion in funding for land stewardship and rural development

November 9, 20233 Mins Read Business
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

President Biden will open his administration’s “investing in rural America” blitz on a Minnesota farm on Wednesday with the announcement of $5 billion in funding for soil and water conservation, rural infrastructure, and economic development. Agriculture Secretary Tom Vilsack said the $1.7 billion allotted for stewardship was the largest single-year injection of money ever into USDA conservation programs.

The $5 billion package includes $2 billion for economic development projects in rural areas with persistently high poverty rates in nine states and Puerto Rico as well as $1.1 billion in grants and loans for rural infrastructure improvements across the nation.

“Young people in rural communities shouldn’t have to leave home to find opportunity,” White House domestic policy adviser Neera Tanden told reporters ahead of the announcement at Dutch Creek Farms in Northfield, in southern Minnesota. “We are committed to supporting rural small businesses and helping farmers tap into new revenue streams, including, as Secretary Vilsack pointed out, climate-smart agriculture.”

Thirteen cabinet members and senior administration officials are scheduled to speak in 14 states over the next two weeks to call attention to Biden’s efforts to boost the rural economy. Household incomes are lower in rural America than in urban areas, and the poverty rate is higher. Rural residents tend to be older, with less formal education than urban Americans.

Rural Americans have voted in increasing margins for Republican congressional candidates over Democrats in the past couple of decades.

“Biden is traveling to rural America and bringing with him higher production costs for our farmers, rising energy prices, more expensive grocery bills, and global unrest,” said Republican members of the House Agriculture Committee on social media.

Vilsack said during a White House teleconference on Tuesday that $1.1 billion of the new conservation funding would go to the Regional Conservation Partnership Program, which supports public-private projects to carry out soil and water conservation at landscape scale. The funding will aid in the adoption of climate-smart practices. “This is not only going to help agriculture work toward the president’s vision of a net-zero [greenhouse gas emissions] future for American agriculture, it’s going to help to create new income opportunities for thousands of small and midsize farming operations as they sequester carbon and reduce greenhouse gas emissions, which will ultimately qualify them for a series of ecosystem service market credits,” he said.

Also in the conservation funding was $250 million apiece for the cost-sharing Environmental Quality Incentives Program and the Conservation Stewardship Program, and $100 million for the Agricultural Conservation Easement Program.

The $1.1 billion in infrastructure funding would be divided among 104 projects “that will bring new jobs, clean water and fuel, and reliable electricity to people in every state,” said the White House.

In addition, the administration announced $274 million in grants and loans to expand access to high-speed internet in eight states and $145 million in grants and loans through the Rural Energy for America Program, which helps farmers and small businesses pay for energy efficiency and renewable energy work.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Farm income this year will be second-highest ever, says USDA

December 1, 2023 Business

Ag exports to dip 5 percent, trade deficit nearly doubles

December 1, 2023 Business

Small meat processors say USDA measures don’t address consolidated industry’s root problems

December 1, 2023 Business

Report: Corn Belt farmland ROI average above 12% in recent years

November 30, 2023 Business

Greenhouse gas emissions from agriculture grew 14% in 20 years

November 30, 2023 Business

USDA allots $300 million for first year of export program

November 30, 2023 Business

Leave A Reply Cancel Reply

Don't Miss
News

OSU, Adapting to Prop 12: Sow farm challenges, strategies

By staffDecember 1, 20230

Decisions around sow barn remodeling, reducing sow herd inventory, and adjusting gilt flow are some…

Nat’l. Pork Board partnership to support the show pig industry

December 1, 2023

Farm income this year will be second-highest ever, says USDA

December 1, 2023

Nearly three-quarters of Louisiana is facing D4 exceptional drought

December 1, 2023

Subscribe to Updates

Get the latest agriculture news and updates directly to your inbox.

Our Picks

Ag exports to dip 5 percent, trade deficit nearly doubles

December 1, 2023

GROWMARK partners with InnerPlant on InnerSoy Pilot

December 1, 2023

$205K awarded to help dairy producers enhance cow comfort

December 1, 2023

Small meat processors say USDA measures don’t address consolidated industry’s root problems

December 1, 2023
Agriculture Trends
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact
© 2023 All rights reserved. Agriculture Trends.

Type above and press Enter to search. Press Esc to cancel.