Partnerships for Climate-Smart Commodities Funding Announced
USDA has selected 70 projects to receive up to $2.8 billion in funding under the first pool of the Partnerships for Climate-Smart Commodities funding opportunity. According to USDA, these initial projects will expand markets for climate-smart commodities, leverage the greenhouse gas benefits of climate-smart commodity production and provide direct, meaningful benefits to production agriculture, including for small and underserved producers. Funding for Partnerships for Climate-Smart Commodities will be delivered through USDA’s Commodity Credit Corporation in two pools. Projects announced today are from the first funding pool, which included proposals seeking funds ranging from $5 million to $100 million. A complete list of funded projects is available online. USDA anticipates that these 70 projects will result in more than 50,000 farms reached, encompassing more than 20-25 million acres of working land engaged in climate-smart production practices such as cover crops, no-till and nutrient management. In addition, more than 50 million metric tons of carbon dioxide equivalent will be sequestered over the lives of the projects.