Farms.com Home   Ag Industry News

USDA's $7.7B plan for climate resilient farming

Oct 03, 2024
By Farms.com

Historic funding to transform sustainable agriculture

 

The U.S. Department of Agriculture (USDA) has unveiled an ambitious $7.7 billion funding strategy for 2025, aimed at empowering agricultural and forestry producers to adopt more sustainable practices. This funding, a mix of Inflation Reduction Act contributions and Farm Bill resources, represents a historic investment in conservation efforts. 

According to Agriculture Secretary Tom Vilsack, this funding will catalyze the adoption of climate-smart practices that provide considerable economic and environmental benefits.

The strategy involves distributing funds across several key USDA conservation programs, enhancing their capacity to address the acute challenges posed by climate change.

The allocation for 2025 includes substantial funding for proven programs such as the Environmental Quality Incentives Program, the Conservation Stewardship Program, and the Agricultural Conservation Easement Program, all designed to support sustainable agricultural operations.

Additionally, this funding initiative is part of a broader effort by the administration to integrate environmental justice into agricultural policy, ensuring that disadvantaged communities benefit from federal investments.

With these funds, the USDA aims to fortify American agriculture against the threats of climate change, promote environmental conservation, and provide farmers and ranchers with the tools needed for future success.

Producers interested in applying for this funding can obtain more information and submit applications through their local USDA Service Center.


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!