Biden Re-Directs Billions of Dollars from Farmers to Tackle Climate Change
Share
[aggregation-styles]
Politico The Trump administration used it to bail out farmers suffering from its trade wars. Now the Biden administration wants to deploy a $30 billion pot of money in the Agriculture Department to tackle climate change, support restaurants and kickstart other programs without waiting for Congress.
Politico The Trump administration used it to bail out farmers suffering from its trade wars. Now the Biden administration wants to deploy a $30 billion pot of money in the Agriculture Department to tackle climate change, support restaurants and kickstart other programs without waiting for Congress.
Long hidden in obscurity as a Depression-era financial institution, the Commodity Credit Corp. is shaping up as one of the first focal points for how the Biden administration is quickly revamping flexible programs left behind by former President Donald Trump.
Before the Trump era, the CCC was used in narrow ways to support farm income and prices, like helping cotton growers with ginning costs and purchasing cheese to boost dairy farmers. It’s also used to fund certain conservation programs, foreign market development, export credit and commodity purchases.
By Liz Crampton | 31 Jan 2021
RELATED TOPICS:
North Korean Leader Says Past Diplomacy Only Confirmed US Hostility
Extra /
13 hours ago
Democrats Strike Deal to Get More Biden Judges Confirmed Before Congress Adjourns
Politics /
13 hours ago
Average Rate on a 30-Year Mortgage in the US Rises to Highest Level Since July
Housing /
16 hours ago
Cutting in Line? American Airlines’ New Boarding Tech Might Stop You at Now Over 100 Airports
Travel /
16 hours ago
MLB Will Test Robot Umpires at 13 Spring Training Ballparks Hosting 19 Teams
Sports /
16 hours ago
$165 Billion Revenue Error Continues to Haunt California’s Budget
History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded political act...
Opinion /
2 hours ago
Categories
Latest
Videos
Opinion /
2 hours ago
$165 Billion Revenue Error Continues to Haunt California’s Budget
Water /
3 hours ago
California’s Water Crisis Deepens as San Joaquin Valley Sinks
Extra /
13 hours ago
North Korean Leader Says Past Diplomacy Only Confirmed US Hostility
Politics /
13 hours ago