USDA Announces Partnerships for Climate-Smart Commodities Opportunity
USDA announced a new Partnerships for Climate-Smart Commodities program that will finance pilot projects that create market opportunities for U.S. agricultural and forestry products that use climate-smart practices and include innovative, cost-effective ways to measure and verify greenhouse gas benefits. USDA defines a climate-smart commodity as an agricultural commodity that is produced using agricultural (farming, ranching, or forestry) practices that reduce greenhouse gas emissions or sequester carbon. Funding will be provided to partners through the USDA’s Commodity Credit Corporation for pilot projects to provide incentives to producers and landowners. Applications will be due April 8, 2022, for proposals from $5 million to $100 million.