Farms.com Home   Ag Industry News

USDA allocates funds for land conservation

Sep 02, 2024
By Farms.com

New opportunities in farmland and wetland preservation

 

The USDA has announced available funding for its Agricultural Conservation Easement Program, which provides financial support for the preservation of farmlands and the restoration of wetlands. This effort is part of a strategic move to maintain agricultural productivity while enhancing environmental conditions.

Interested parties, including local governments and American Indian tribes, can apply for Agricultural Land Easements (ALE) to secure land for agricultural purposes permanently.

Additionally, Wetland Reserve Easements (WRE) are available to restore and protect former wetlands, offering benefits like improved water quality and wildlife habitat.

Applications must be submitted by October 4, 2024, for funding consideration this year. The program underscores the USDA’s commitment to sustainable land use and environmental stewardship, backed by the Inflation Reduction Act.

Through these easements, landowners can ensure their lands contribute to ecological health while maintaining their rights to manage and enjoy their property.


Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!