Here’s what reconciliation means for ag
— The Democrats reconciliation bill a la Joe Manchin is here, and it holds a lot of money for agriculture. We broke down what it means and where it will go.
— House Ag Chair David Scott introduced his bill to boost the safety net for small cattle producers. But big cattle is already coming out against it, with the National Cattlemen's Beef Association saying it has “blind spots.”
— House Ag Committee Republicans are calling on Scott (D-Ga.) to schedule a hearing with EPA Administrator Michael Regan. Regan’s EPA has been a frequent target of Ag Republicans, who contend it is taking away chemical tools from farmers.
By Garrett Downs, POLITICO
With help from Meredith Lee and Marcia Brown
GREEN FOR GREEN AG: The surprise deal West Virginia Sen. Joe Manchin struck with Majority Leader Chuck Schumer includes $40 billion in federal investments in agriculture priorities. The deal includes investments in agriculture, forestry and rural communities that Democrats say will create good paying jobs.
Climate-focused farming: Half of the ag spending, or $20 billion, will go to currently oversubscribed USDA programs that incentivize green farming practices and limit greenhouse gas emissions. This includes strategic fertilizer use; carbon sequestration and storage practices; and greater application of cover crops.
— $8.45 billion for the Environmental Quality Incentives Program (EQIP)
— $6.75 billion for the Regional Conservation Partnership Program (RCPP)
— $3.25 billion for the Conservation Stewardship Program (CSP)
— $1.4 billion for the Agricultural Conservation Easement Program (ACEP)
The green ag and conservation spending was lauded by Mike Lavender, the National Sustainable Agriculture Coalition’s interim policy director, who said that “Congress is poised to make a once-in-a-generation investment in effective working lands conservation programs — such as CSP, EQIP, and others — that will put farmers at the center of our national response to the climate change crisis.”
Rural development: The Inflation Reduction Act of 2022 will invest $14 billion in rural electric cooperatives and fund loans for rural communities to invest in renewable energy.
Biofuels: The bill would also provide funds for biofuels and sustainable aviation fuel infrastructure. The package also contains tax credits for biofuels, which are under the jurisdiction of the Senate Finance Committee.
Forestry: The deal funds $5 billion for fighting wildfires and boosting carbon sequestration projects. The money will also be used to plant trees in urban communities.
What didn’t make the cut from BBB …
Looking forward ...
HOUSE AG CATTLE BILL ...
What’s in the bill ...
Big Beef blowback ...
HOUSE AG REPUBLICANS WANT REGAN TO TESTIFY ...