January 22, 2024 | USDA |
The U.S. Department of Agriculture (USDA) has announced a $207 million investment in renewable energy and domestic fertilizer projects to bolster American farms and businesses. These initiatives, supported by President Biden's Inflation Reduction Act, aim to reduce energy costs, create jobs, and enhance competition in agricultural markets. Through programs like the Rural Energy for America Program (REAP) and the Fertilizer Production Expansion Program (FPEP), funding will support projects across 42 states, benefiting farmers and rural communities. The investments align with President Biden's commitment to combat climate change and promote economic growth while strengthening resilience in agriculture. Notable projects include solar installations, energy-efficient systems for agricultural facilities, and investments in domestic fertilizer production to mitigate rising prices and enhance supply chain resilience.