Climate Legislation: Focus on Economics, Policy
Philip Brasher reported in yesterday’s Des Moines Register that, “The Obama administration is struggling to convince farm-state senators that controls on greenhouse gases would be a good deal for farmers and ranchers.
“The administration estimated Wednesday that farmers would profit overall from controls on greenhouse gases despite paying higher prices for fuel and fertilizer.
“But administration officials admitted to a Senate committee that they don’t know a key detail: how much land would be taken out of production and converted to forests under a program to reduce emissions. Diverting farmland to trees would keep some carbon out of the atmosphere but it also would raise commodity prices and boost the cost of feed for livestock producers, potentially raising food prices.”