Senate to Vote on Climate-Smart Ag Deal

U.S. Senate democrats reached a deal this past week on legislation that would add $20 billion in funding for climate-smart agricultural practices. In the legislation, over the next eight years, producers could expect more solar and wind projects, and likely carbon pipelines, as well as tax incentives for biofuel companies for more renewable fuel infrastructure.

However, the deal comes as part of a $739 billion package that will likely face unanimous opposition by Senate Republicans, even though several of the Republican lawmakers have been vocal about expanding biofuels and tax credits. The entire deal is dubbed the “Inflation Reduction Act of 2022” and has been praised by President Biden for its investments in America’s energy security future.

Read more on the climate deal and its impacts on agriculture here.