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Biden Administration Pledges Fight To Keep Climate-Friendly Farming Funds

 By Leah Douglas

 The Biden administration will defend funding for climate-smart farming in the $430 billion U.S. Inflation Reduction Act (IRA) if Republican lawmakers seek to cut it during negotiations for the next farm bill, an official said Tuesday.

The IRA, which aims to cut emissions across the U.S. economy, includes $20 billion to support farmers in implementing carbon-sequestering conservation practices on their land.

As negotiations begin over the next farm bill, which funds farm commodity, conservation, and nutrition programs, some Republicans have raised concerns about how the IRA funds would be spent and floated reallocating some of the money.

The Biden administration would resist any effort to reallocate the funds, said White House deputy chief of staff John Podesta in a conversation with Reuters reporters on Tuesday.

“The program is popular,” Podesta said. “We’ll fight for it and I think we’ll be successful in the upcoming farm bill negotiations.”

Podesta said President Joe Biden’s administration has heard supp

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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.