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:
Israel Demands UN Scrap Investigation Body for Palestinian Territories
World /
12 hours ago
Trump Signs Executive Order Creating New Classification of Non-Career Federal Workers
Politics /
12 hours ago
Judge Rules Trump’s Firing of FTC Commissioner Was Illegal
Politics /
13 hours ago
US House Passes Stablecoin Legislation, Sending Bill to Trump
Crypto /
13 hours ago
Homeowners With Solar Rise Up to Defang Bill Authored by Former Utility Executive
Energy /
14 hours ago
Man Admits to Killing Missing Bass Lake Resident, Madera County Authorities Say
Crime /
15 hours ago
Trump Diagnosed With Vein Condition Causing Leg Swelling, White House Says
News /
16 hours ago
Latest
Videos

Crime /
11 hours ago
Former Los Banos Teacher Indicted on Federal Child Exploitation Charges

World /
12 hours ago
Israel Demands UN Scrap Investigation Body for Palestinian Territories

Politics /
12 hours ago
Trump Signs Executive Order Creating New Classification of Non-Career Federal Workers

Politics /
13 hours ago
Judge Rules Trump’s Firing of FTC Commissioner Was Illegal

Crypto /
13 hours ago