U.S. Secretary of Agriculture Brooke Rollins announced that USDA will release the first tranche of funding that was paused due to the review of funding in the Inflation Reduction Act (IRA).
In alignment with White House directives, Secretary Rollins will honor contracts that were already made directly to farmers. Specifically, USDA is releasing approximately $20 million in contracts for the Environmental Quality Incentive Program (EQUIP), the Conservation Stewardship Program, and the Agricultural Conservation Easement Program.
"American farmers and ranchers are the backbone of our nation," said Secretary Rollins. "They feed, fuel, and clothe our nation - and millions of people around the world. The past four years have been among the most difficult for American agriculture, due in no small measure to Biden's disastrous policies of over-regulation, extreme environmental programs, and crippling inflation.
"Unfortunately, the Biden administration rushed out hundreds of millions of dollars of IRA funding that was supposed to be distributed over eight years. After careful review, it is clear that some of this funding went to programs that had nothing to do with agriculture. That is why we are still reviewing. Whereas, other funding was directed to farmers and ranchers who have since made investments in these programs.
"We will honor our commitments to American farmers and ranchers, and we will ensure they have the support they need to be the most competitive in the world."
This is the first tranche of released funding, and additional announcements are forthcoming as soon as USDA continues to review IRA funding to ensure that we honor our sacred obligation to American taxpayers - and to ensure that programs are focused on supporting farmers and ranchers, not DEIA programs or far-left climate programs.
EDITOR’S TAKE:
Although the review of funding contracts has slowed payments to farmers/ranchers, most of them will be forthcoming. The release of $20 million for conservation programs, while not a huge amount in federal budget terms, will pave the way for farmers/ranchers to begin projects that will help the environment and make agriculture more sustainable in the long run. The projects funded by USDA will also help businesses at the local and state level. These funds will allow farmers/ranchers to budget their own funds more appropriately and focus on what they need to make their operation more efficient - items like new trucks.
Speaking of new trucks, be sure yours are listed on AgTruckTrader.com®. It is likely many of the farmers/ranchers in your area will be in the market for a new or qualified used one soon.
