US Secretary of Agriculture Tom Vilsack has announced that the country’s Department of Agriculture (USDA) will invest $1 billion over the next year into “climate-smart” farming. The initiative — Partnerships for Climate-Smart Commodities — will provide funding for pilot projects that “create market opportunities” for commodities which are “produced using [farming, ranching or forestry] practices that reduce greenhouse gas emissions or sequester carbon.” Successful applicants will receive the funding via the USDA’s Commodity Credit Corporation, which they will then provide as incentives to producers and landowners.
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