January 26, 2020

Climate Issues; Chairman Peterson, Lincoln; and the Ag Economy

Climate Issues: Focus on Agriculture

Reuters writer Charles Abbott reported yesterday that, “Overall, the U.S. farm sector will gain more than it would lose under the House-passed climate bill, a Kansas State University review of six studies of the legislation said on Thursday.

All of the studies said that costs of production would rise and in the short run per-acre profitability may decline, but, for the most part, the declines will be modest.

On the plus side, the bill exempts agriculture from emission caps, has provisions to ease the transition to higher fertilizer prices and offers the chance of revenue from development of a carbon offset market.”