Growing Returns

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3 steps for agricultural lenders to mitigate climate risk and finance resilience

Farmers in the U.S. are facing severe challenges including poor economic conditions, extreme weather and disruptions from the COVID-19 pandemic. These risks also impact farmers’ financial partners, including agricultural lenders.

While some of these risks are difficult to anticipate and plan for, there are growing opportunities and resources available for farmers and their lenders to better understand their vulnerabilities related to climate change — and take steps to build resilience.

A new report, Financing Resilient Agriculture: How Agricultural Lenders Can Reduce Climate Risk and Help Farmers Build Resilience, finds that lenders can reduce risk by supporting farmer investments in conservation practices like no-till and cover crops that are known to build climate resilience.

This report provides a path forward for lenders to support a more productive, profitable and resilient agricultural system.

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Federal rollbacks + huge new oil and gas project = trouble for Wyoming

This blog was co-authored by Jon Goldstein and Sara Brodnax.

Last week, the U.S. Department of the Interior’s Bureau of Land Management collected comments from citizens and groups concerned about the impacts of a proposed 5,000-well oil and gas project in eastern Wyoming.

The situation has a troubling irony, because as BLM reviews the project’s environmental risks, it is simultaneously working to roll back its own commonsense standards to stop oil and gas companies from venting, flaring, and leaking away pollution and valuable natural gas.

Oil and gas development in Wyoming

Rapid oil and gas development at times put Pinedale, Wyoming on par with smoggy Los Angeles in terms of ozone levels.

It’s the same story for the greater sage-grouse, which without strong mitigation measures will likely abandon critical breeding sites in the area set to be impacted by the planned oil and gas project. Here, too, BLM has signaled several attempts to unravel the collaborative, decades-forged plans to protect the imperiled bird.

The combination of weakening policies while expanding development could have disastrous consequences for Wyoming and other western states if methane pollution goes unchecked and the greater sage-grouse continues to decline.

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