(WFRV) – The USDA is investing in 70 “climate-smart” projects. Sixteen of these may impact Wisconsin.
The dollars come from the first pool of Partnership for Climate-Smart Commodities. Projects from the second pool of funding will be announced later this year.
Ultimately, USDA’s anticipated investment will triple to more than $3 billion in pilots that will create market opportunities for American commodities produced using climate-smart production practices.
USDA will work with the applicants for these 70 identified projects to finalize the scope and funding levels in the coming months. These projects will:
- Provide technical and financial assistance to producers to implement climate-smart production practices on a voluntary basis on working lands;
- Pilot innovative and cost-effective methods for quantification, monitoring, reporting and verification of greenhouse gas benefits; and
- Develop markets and promote the resulting climate-smart commodities.
USDA anticipates that these 70 projects will result in:
- Hundreds of expanded markets and revenue streams for producers and commodities across agriculture ranging from traditional corn to specialty crops.
- More than 50 thousand farms reached, encompassing over 20-25 million acres of working land engaged in climate-smart production practices such as cover crops, no-till and nutrient management.
- More than 50 million metric tons of carbon dioxide equivalent sequestered over the lives of the projects. This is equivalent to removing more than 10 million gasoline-powered passenger vehicles from the road for one year.
- More than 50 universities, including multiple minority-serving institutions, engaged and helping advance projects, especially with outreach and monitoring, measurement, reporting and verification.
- Proposals for the 70 selected projects include plans to match on average over 50% of the federal investment with nonfederal funds.
See the full list of projects at https://www.usda.gov/climate-solutions/climate-smart-commodities/projects