02/07/2022

USDA to Spend $1 Billion to Promote Climate-friendly Agriculture

Funds will be provided by the Commodity Credit Corporation

The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture and store climate-warming carbon, USDA Secretary Tom Vilsack told Reuters.

The agency is due to announce the Partnerships for Climate-Smart Commodities program later on Monday.

The program will tap funds from the USDA's Commodity Credit Corporation, which provides up to $30 billion annually from the U.S. Treasury to help stabilize agricultural product prices and support farm income.

Please select this link to read the complete article from Reuters.