🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Fight brewing over Biden climate funds that help farmers in Republican-leaning states

Published 01/25/2024, 06:14 AM
Updated 01/25/2024, 11:41 AM
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks during an event to celebrate the anniversary of his signing of the 2022 Inflation Reduction Act legislation, in the East Room of the White House in Washington, U.S., August 16, 2023. REUTERS/Kevin Lama

By Leah Douglas

WASHINGTON (Reuters) -An effort by Republican U.S. lawmakers to reallocate $18 billion in climate-friendly agriculture funding under President Joe Biden's signature climate law would shift money away from programs that primarily benefit farmers in Republican-leaning states, a Reuters analysis found.

The Inflation Reduction Act money, earmarked for U.S. Department of Agriculture-designated "climate-smart" farm practices, is intended to support Biden's agriculture climate agenda, which relies heavily on storing carbon in the soil and lowering emissions through sustainable farming techniques.

About 65% of the new money due to be spent under the law on those climate-friendly practices would go to farmers in states that backed Republican former President Donald Trump in the 2020 election, and about 70% would go to states with a Republican member on the House or Senate farm committees, according to a Reuters examination of projections by University of Illinois agricultural policy professor Jonathan Coppess.

Iowa stands to get the most money with $1.03 billion, followed by Texas ($772 million) and Arkansas ($723 million), according to the projections by Coppess, which used historical USDA funding data to estimate how the Inflation Reduction Act money would be distributed.

Republican House of Representatives Agriculture Committee Chairman Glenn "GT" Thompson and the Senate Agriculture Committee's top Republican, John Boozman, want to reallocate the Inflation Reduction Act money to all conservation programs without the climate-related requirements.

Under Thompson's plan, some money also would be moved to crop supports and other farm programs, a committee aide said.

A spokesperson for Thompson expressed skepticism toward Coppess's findings and noted that he previously served as general counsel for the Senate Agriculture Committee under Democratic leadership.

Representatives for both Thompson and Boozman said reallocating the funds could allow money to reach more farmers.

Democrats are opposed to the reallocation.

"Moving this funding away from conservation with its intended purpose - addressing the climate crisis - is a non-starter for me and does not have the votes in the Senate or the House," Democratic Senate Agriculture Committee Chairwoman Debbie Stabenow said in an email to Reuters.

White House officials also have pledged a fight to preserve the money for climate-friendly practices.

Though Democrats control the Senate and White House, the typically bipartisan process of negotiating the farm bill - a package passed every five years to fund commodity, conservation, and nutrition programs - often involves compromise.

The dispute over the Inflation Reduction Act money could further delay progress on the overdue bill. The farm bill that was passed in 2018 expired on Sept. 30, and was extended for one year in November's spending deal.

The farm committees are still drafting their versions of the next bill.

The climate-friendly agriculture money would go to programs whose demand typically far exceeds their available funds.

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks during an event to celebrate the anniversary of his signing of the 2022 Inflation Reduction Act legislation, in the East Room of the White House in Washington, U.S., August 16, 2023. REUTERS/Kevin Lamarque/File Photo

For instance, the USDA in 2021 funded 29.9% of applications for its Environmental Quality Incentives Program, which funds practices that increase soil health, reduce erosion and mitigate drought, according to the department's most recent data. That program received nearly $9 billion for Inflation Reduction Act climate-smart farming grants.

Agriculture generates about 10% of U.S. greenhouse gas emissions, from fertilizer application, livestock manure and tilling land for crops, according to the Environmental Protection Agency.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.