USDA Secretary Tom Vilsack addressed the American Farm Bureau Federation convention in Salt Lake City and emphasized that the decline in the number of U.S. farms can be halted by adopting climate-smart farming practices, expanding biofuel production, and increasing local and regional marketing. Vilsack stressed the importance of finding alternative ways to boost income, especially for small and medium-sized operations.
During his speech, Vilsack announced $50 million in grants for seven projects aimed at expanding independent domestic fertilizer production. He also revealed $157 million in assistance for 675 projects to help farmers and rural small businesses install renewable energy systems or improve energy efficiency.
Vilsack highlighted the need to support small and mid-sized farming operations, as the country cannot afford to accelerate their loss. He mentioned that farmers could potentially earn revenue from sustainably produced commodities and environmental services, such as carbon sequestration and emissions reduction practices.
USDA has allocated $3.1 billion for its climate-smart farming initiative, supporting 141 pilot projects. Additionally, the Treasury Department has opened the door for biofuels to qualify for tax credits in the production of low-carbon sustainable aviation fuel (SAF) potentially creating a significant market. USDA also has programs aimed at expanding local and regional food networks and increasing local processing of agricultural products to benefit producers. Sign up for more market and policy news from Pro Farmer.
