As part of a White House meeting on environmental conservation, the USDA announced the availability of $20 million through the Conservation Innovation Grants program.
Up to $20 million is available in grants to "facilitate the creation of new, innovative markets for carbon credits," USDA announced. It says carbon markets provide additional revenue sources for producers who practice soil and water conservation.
The Agriculture Department awarded $15.7 million in grants to 47 projects in 31 states for "cutting-edge ideas to accelerate innovation in private lands conservation." The Conservation Innovation Grants require recipients to provide at least a dollar for dollar in matching funds. North Carolina State University received $1.1 million for two projects, the Florida Department of Agriculture and Consumer Services, $1 million, and National Corn Growers Association, $995,000.