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NCGA Pleased with Inflation Reduction Bill
USAgNet - 08/09/2022

The Senate on Sunday, voting along party lines, passed the Inflation Reduction Act of 2022. The bill, which includes domestic energy incentives and other provisions aimed at reducing carbon emissions, would provide significant investments for agriculture, including over $20 billion in funding to support farmers' implementation and expansion of voluntary on-farm conservation practices and $500 million to provide greater market access for higher blends of biofuels.

"We appreciate Chairwoman Debbie Stabenow and the other members of the Senate Agriculture Committee who worked to include provisions in the legislation that will support farmers as they provide solutions that address climate change," said Brooke S. Appleton, vice president of public policy at the National Corn Growers Association.

"From cleaner, low-carbon fuels, like ethanol and sustainable aviation fuel, to on-farm practices that improve soil health, corn growers are on the front lines of the fight to cut carbon emissions and improve our energy security."

The $19.9 billion in funding for U.S Department of Agriculture conservation programs includes the following program allocations, along with $1 billion for additional conservation technical assistance.

The House of Representatives is expected to vote on the legislation in the coming days.

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