“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.
Odds of a new farm bill in 2024 are declining, with Senate leadership continuing to spar over climate funding and redirecting climate funds into the commodity title of the new farm bill.
The new 45Z tax credit passed in the Inflation Reduction Act, slated to take effect Jan. 1, 2025, means a farmer's carbon intensity score will soon be worth more, especially if your corn goes to an ethanol plant.
Farmers are protesting across the European Union, saying they are facing rising costs and taxes, red tape, excessive environmental rules and competition from cheap food imports.
COP28's decision to not include food and agriculture as a way to meet climate goals was influenced by a request from the G77 group of developing countries for additional review related to agriculture and food.