Here's a one-two on farming legislation from Chuck Abbott at the Food & Environment Reporting Network.
The $1.75 trillion spending bill House Democrats proposed Thursday has much for farmers, Abbott writes. It includes:
- A program that seeks to mitigate climate change by paying farmers up to $25 an acre to grow cover crops during fallow season.
- $22.3 billion in additional funding for four Agriculture Department land stewardship programs, "with an emphasis on building soil carbon, reducing nitrogen loss, and limiting or capturing greenhouse gas emissions, according to a summary of the legislation."
- "$960 in grants for equipment to dispense biofuels, a four-year extension of the biodiesel tax credit, and a new tax credit for developing sustainable aviation fuel."
- A summer food stamps program for children would not end until September 2024.
- The Community Eligibility Provision, which allows schools to serve free meals to all students, would not end until October 2026.
- Per CNBC, the wildly popular Child Tax Credit expansion program would be extended for another year. "In addition, full refundability — a recent change to the credit that allows children in the poorest families to get the money — will be made permanent."
- "Stymied by lawsuits that contend USDA debt relief for farmers of color is actually reverse discrimination, House Democrats proposed an alternative: full or partial forgiveness of USDA loans to limited-resource farmers. The multi-billion-dollar proposal, which does not mention race, is directed toward economically distressed farmers and ranchers in high-poverty areas," Abbott writes. The $6 billion fund "also allows payments of up to $500,000 apiece to farmers, ranchers, and forest owners who were victims of bias in USDA lending programs, as well as allotting funds to resolve heirs’ property issues and for equity commissions to explore racial equity at USDA and in its programs."
from The Rural Blog https://ift.tt/3w8AVYr House Dems' $1.75 spending bill has farm loan forgiveness, extended Child Tax Credit extension, biofuels grants - Entrepreneur Generations
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