FOR IMMEDIATE RELEASE
July 26, 2022
WASHINGTON, DC – National Farmers Union (NFU) strongly supports the Inflation Reduction Act of 2022 as currently presented by the Senate. Overall, this bill invests $40 billion in agricultural and rural communities.
“NFU welcomes the major investments in voluntary, incentive-based conservation programs for agriculture included in the Inflation Reduction Act. These provisions will support farmers and ranchers in continuing to expand their role in fighting climate change while also supporting the resilience of their operations. The addition of biofuels infrastructure funding is also a welcome addition and one that will support farmers and consumers across the country. We strongly support this package and urge Congress to move swiftly and pass it,” said NFU President Rob Larew.
Multiple NFU priorities are included in the Inflation Reduction Act of 2022, including:
- Substantial investment in infrastructure for biofuels which will decrease our dependence on foreign oil and lower the cost for consumers at the pump.
- Sorely needed investments in voluntary conservation programs that have been underfunded for years. These additional tools will allow farmers and ranchers to sequester greenhouse gases and give farmers more flexibility.
- Expansion of public-private partnerships to support locally led conservation efforts.
To learn more about the Inflation Reduction Act of 2022, please refer to the Senate Agriculture Committee one-pager.