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Agricultural News


NFU President Rob Larew Says Inflation Reduction Act to Provide Optimism to Farmers and Ranchers Once Signed into Law

Sat, 13 Aug 2022 16:56:18 CDT

NFU President Rob Larew Says Inflation Reduction Act to Provide Optimism to Farmers and Ranchers Once Signed into Law National Farmers Union (NFU) President Rob Larew issued the following statement in response to the U.S. House of Representatives passing the Inflation Reduction Act of 2022:


“The passage of the Inflation Reduction Act is cause for optimism for farmers and ranchers across the country, with historic investments in voluntary, incentive-based conservation programs that are critically underfunded. NFU is proud to see investment in biofuels infrastructure that will help farmers’ bottom line and help consumers save at the pump. The inclusion of financial support for economically distressed farmers and ranchers is also a welcome addition that will help keep farmers on their land for years to come,” said NFU President Rob Larew.


“NFU thanks Senate Agriculture Committee Chair Debbie Stabenow, House Agriculture Committee Chair David Scott, and other allies for their work on this historic legislation and the inclusion of multiple NFU priorities in the final bill. We thank President Biden for his leadership in delivering this important legislative achievement for family farmers and ranchers and rural communities and look forward to him signing the bill into law and working with USDA to implement the bill,” Larew concluded.


As the Inflation Reduction Act was being considered, NFU distributed a letter of support to Congressional leadership urging for swift passage of the bill.


According to the NFU- 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.




   

 

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