Several programs exist to pay farmers for storing soil carbon, but a lack of standards has so far held back the burgeoning farm carbon credit sector, says a new report from the Environmental Defense Fund (EDF). The Department of Agriculture should play a role in collecting data and building …
The relative handful of farmers who have signed carbon sequestration contracts is half the size of the group that has leased land for solar electricity production, said Purdue University on Tuesday. Solar leases, which may exceed $1,000 an acre annually, are more lucrative than the rates offered for carbon capture.
Senate Agriculture chairwoman Debbie Stabenow was certain on Thursday that the House would follow the Senate in passing the first-ever climate mitigation bill for agriculture. Under the bill, the USDA would help farmers enter the carbon market, touted as the private enterprise way to earn money while combating climate change.
The chairwoman of the Senate Agriculture Committee called on Thursday for a $50 billion increase in funding for the USDA's stewardship programs to combat climate change on farms and ranches. And a USDA report said forests could absorb an even larger share of U.S. carbon emissions than the current 14 percent through a combination of tree planting and prudent management.
By deploying clean technology, the United States can reduce its greenhouse gas emissions 50 percent by the end of this decade, said President Biden at an Earth Day summit intended to spark global action on climate change. "That's where we're headed as a nation, and that's what we can do if we take action to build an economy that's not only more prosperous but healthier, fairer, and cleaner for the planet."
The Biden administration is launching a portfolio of projects to reach its goal of net-zero emissions of greenhouse gases on the farm, including a new focus on climate mitigation by the Conservation Reserve Program, said Agriculture Secretary Tom Vilsack. During an Earth Day teleconference, he rejected the suggestion that carbon sequestration in the CRP was a form of greenwashing. (No paywall)
The USDA said it will offer higher rental rates and larger incentive payments to landowners who agree to idle environmentally fragile farmland and introduced a new payment for climate-smart practices to slow climate change. The expansions would boost spending on the Conservation Reserve by $300 million or more annually, said the White House on Wednesday.
The USDA is days away from announcing "greater opportunities" for landowners to take fragile farmland out of production in exchange for an annual payment, said Agriculture Secretary Tom Vilsack on Thursday. Since early February, the Biden administration has been mulling how to stop a 13-year decline in enrollment in the Conservation Reserve, the largest U.S. land set-aside program.
A new Senate bill would offer up to $150 million in loan guarantees to companies and nonprofit groups that help small and family-size foresters adopt climate-smart practices and sell carbon credits.