January 20, 2020

Climate Legislation; Land Values; Ag Appropriations; Food Aid & Africa; and Biofuels

Climate Legislation

DTN Ag Policy Editor Chris Clayton reported yesterday that, “The potential shift in agricultural land use is becoming a major battleground in the fight over climate legislation in Congress.

“Key Republican lawmakers opposing the climate bill contend that it could lead to tens of millions of acres shifting from crops to trees. But supporters of the legislation say carbon offsets will not be so lucrative that landowners would bypass cash rent for carbon credits. At best, some marginal ground would be lost.

“House Agriculture Committee Ranking Member Frank Lucas, R-Okla., again pushed the issue Tuesday, calling for more hearings on the climate bill and stating that ‘according to press reports, EPA is projecting this legislation would take 56 million crop acres out of production due to afforestation.’”