By Mike Dorning
U.S. Agriculture Secretary Tom Vilsack predicted farms would provide “early wins” for the Biden administration’s efforts to counter climate change, and hinted he will draw on the department’s borrowing authority to fund initiatives to reduce greenhouse-gas emissions.
He told the National Farmers Union Monday that he believes USDA has “some flexibility” to draw resources for climate change initiatives from the Commodity Credit Corporation, a New Deal-era entity with borrowing authority that President Donald Trump tapped to fund his $28 billion trade bailout.
Vilsack suggested he would take quick action. His main climate adviser, Robert Bonnie, argued in a memo during the presidential transition for new USDA initiatives within the first 100 days of the Biden administration, including potential support for a carbon market.
Vilsack said “it’s going to take a while” for other sectors of the economy such as power generation, construction and transportation to switch to more climate-friendly practices. But agriculture is “in the best position to start early and quickly.”
He predicted many farmers and ranchers would move to sequester more carbon in soil and reduce emissions if they are given “additional resources” through existing USDA conservation programs and carbon markets.
Click here to see more...