Growing Returns

Federal R&D funds are key to solving enteric methane challenge, keeping U.S. agriculture competitive

By Britt Groosman / Bio / Published: December 22, 2022

As the U.S. works to stabilize the climate and foster innovative domestic industries, reducing emissions from agriculture — currently about 10% of annual emissions — is a critical piece of the puzzle. Yet federal R&D investments in agricultural climate solutions remain 35 times smaller than clean energy R&D investments.

Of the limited agricultural R&D spending, funds aren’t going to one of the biggest climate opportunities. Enteric methane emissions, released as livestock digest their food, account for 28% of U.S. agricultural emissions, but only 2% of federal R&D mitigation funds go toward enteric methane solutions, according to new research from The Breakthrough Institute and Environmental Defense Fund.

This mismatch will increasingly put U.S. farmers and ranchers at a competitive disadvantage in global markets and misses a top climate opportunity. Congress and USDA can remedy the mismatch in the next farm bill. Read More »

Posted in Agriculture / Tagged climate change, climate policy, Congress, farm bill, livestock, methane | Comments are closed

Major banks are setting climate targets. What the agricultural finance sector needs to know.

By Vincent Gauthier / Bio / Published: December 14, 2022

Many major banks have set targets to reduce financed greenhouse gas emissions in their loan portfolios to zero by 2050 (also known as net zero targets). They join a growing movement of companies throughout the agricultural supply chain to set ambitious targets to reach net zero by 2050 to prevent the most severe impacts from climate change.

The Banking for Impact on Climate in Agriculture (B4ICA) initiative recently published “An introductory guide for net zero target setting for farm-based agricultural emissions” that shares best practices for banks to set net zero GHG emissions targets for their agricultural loan portfolios. The guidance helps banks setting agricultural sector emissions reduction targets as part of their commitments to the Net Zero Banking Alliance — an alliance of 122 banks representing 40% of global bank assets that have committed to aligning their assets with net zero GHG emissions by 2050 or sooner. Read More »

Posted in Agriculture / Tagged agricultural, agricultural finance, agricultural lenders, agriculture, banks, farmers, finance, GHG emissions | Comments are closed

How companies can reduce nitrogen pollution and measure progress toward climate goals

By Simone Schenkel / Published: December 8, 2022

Nitrogen is essential for life, but excess nitrogen can pollute the atmosphere and water. This has a huge impact on human and ecosystem health, as well as financial losses to farmers from fertilizer — which is at a record high price — that ultimately won’t be utilized by crops.

EDF’s new N Balance Implementation Guide provides a comprehensive and pragmatic road map for food and agriculture companies to help reduce nitrogen pollution from agricultural production and claim the environmental improvements associated with nitrogen management.

Posted in Agriculture / Tagged farm, farmers, fertilizer, implementation guide, N Balance, n balance guide, N Visible, nitrogen | Comments are closed

Replicable revenue streams can help natural infrastructure projects receive State Revolving Fund financing

By Vincent Gauthier / Bio / Published: November 30, 2022

Natural infrastructure can provide protective barriers to reduce flood risk while also offering community green space and supporting green jobs. Louisiana GOHSEP, CC BY SA 2.0.

Authors: Vincent Gauthier (EDF), Tee Thomas (Quantified Ventures)

The Bipartisan Infrastructure Law will invest more than $44 billion in the Clean Water and Drinking Water State Revolving Funds, or SRFs, presenting a tremendous opportunity to finance natural infrastructure solutions that can improve water quality and protect communities against flooding. While natural infrastructure can be a cost-effective way to improve water quality and reduce flood risk, these projects have historically been difficult to finance through SRFs due to a lack of consistent repayment streams.

EDF and Quantified Ventures recently published a report that identified five replicable repayment streams that communities and conservation groups can use to access SRF financing for natural infrastructure such as wetlands, floodplain restoration, and riparian buffers. These repayment streams include stormwater utility fees, source water protection fees, and environmental markets.

Also posted in Coasts and Watersheds, Water / Tagged clean water, climate change, conservation, environmental defense fund, natural infrastructure, natural infrastructure projects, sustainability | Comments are closed

Five ways U.S. agriculture can adapt to climate change

By Eileen McLellan / Bio / Published: November 10, 2022

Farmers have a long history of steadily increasing crop yields through technological innovation and improvements in management practices. However, as climate change makes weather more extreme and variable than ever before, productivity progress will likely stall by 2030 — even if the U.S. maintains past rates of R&D investment and innovation. Adaptation efforts must begin now to protect food supplies and farmer livelihoods.

Adaptation options can be deployed at various scales to combat the unknown challenges ahead.

Also posted in Food / Tagged adaptation, agriculture, climate change, cover crops, food | Comments are closed

How will climate change affect U.S. crop yields?

By Kelly Suttles / Published: November 10, 2022

As the UN climate conference kicks off in Egypt, food and agriculture are central to negotiations for the first time. More severe droughts, warmer temperatures and heavier rainfall fueled by climate change are making it harder than ever for the world’s one billion farmers to grow food and fiber. While some farms and regions are more vulnerable than others, climate change will affect farmers everywhere.

Here in the U.S., where farmers have a long history of steadily increasing yields, climate change will likely cause crop productivity gains to stall — or even reverse — as soon as 2030.

Posted in Agriculture / Tagged adaptation, agriculture, climate change, corn, cover crops, farmers, food, iowa, kansas, Minnesota, soybeans, wheat | Comments are closed

New report provides a science roadmap for natural climate solutions

By Emily Oldfield / Published: October 31, 2022

Natural climate solutions, such as reforestation and wetland restoration, can help slow climate change and increase resilience in the face of climate impacts we can’t avoid.

These approaches have substantial and growing support from bipartisan lawmakers, the private sector and environmental nonprofits. However, big questions remain: Where are these strategies most effective? To what extent can they meaningfully remove and reduce greenhouse gases? How will increased drought, fire and pest outbreaks impact their ability to stave off climate change?

Posted in Agriculture / Tagged climate change, climate mitigation, climate res, natural climate solutions | Comments are closed

World Food Day has come and gone, with food security still out of reach for people and planet

By Tom Grasso / Published: October 24, 2022

Every October, the global community comes together to celebrate the founding of the United Nations Food and Agriculture Organization as World Food Day. Taking stock, it is plain to see just how far we still have to go to achieve the FAO’s founding mission to defeat hunger and improve nutrition and food security for the planet.

The obstacles to achieving this goal are many and complex: the COVID-19 pandemic, the war in Ukraine, and the ongoing challenges of conflict, water shortages, flooding, and rising food costs are just a few. However, they all share one thing in common: they are exacerbated by the existential threat of climate change.

With less than a month to go before the 27^th United Nations Climate Change Conference (COP 27) in Egypt, world leaders must consider the importance of addressing food insecurity as a part of solving the climate crisis.

Also posted in Food / Tagged agriculture, climate change, food production, food security, sustainability | Comments are closed

Farmers see value in agriculture loans that reward stewardship

By Maggie Monast / Bio / Twitter profile / Published: October 14, 2022

In January 2022, global farmer-to-farmer network and ag tech company Farmers Business Network^®, launched a new rebate program for farm operating loans. The Regenerative Agriculture Finance Operating Line program includes a 0.5% interest rate rebate for farmers who achieve climate and water quality benchmarks established by Environmental Defense Fund. Both farmers who already meet the benchmarks, as well as farmers who improve practices to do so, are eligible.

The $25-million pilot fund filled up quickly, with 48 farmers enrolled and a growing waitlist to participate in an expanded fund. With the initial pilot underway, FBN plans to scale the fund to $500 million over the next three years and access public markets to securitize and sell these loans to investors seeking liquid, environmentally friendly investments.

Over the first year of the program, we are sharing what we are learning with others in the agriculture sector. EDF had the chance to sit down with two participating farmers about their experiences — Joel Uthe, operator of Uthe Farm in Chariton, Iowa, and David Iverson, operator of Iverson Farm in Astoria, South Dakota. Read More »

Posted in Agriculture / Tagged agriculture, farm finance, farmers, soil health | Comments are closed

To address climate change, U.S. makes historic investment in rural America

By Ben Thomas / Published: August 12, 2022

The U.S. is on the brink of making a historic investment in farmers, ranchers and rural communities, helping them cut emissions, prepare for climate impacts that are already here, and create good jobs along the way. The Inflation Reduction Act — which passed the U.S. Senate and House of Representatives, and which President Biden is expected to sign into law in the coming days — will direct about $20 billion toward agricultural conservation programs and nearly $14 billion toward clean energy for rural America.

To stabilize the climate and maintain a safe, vibrant planet, we need to transition to climate-smart agriculture and clean energy. This bill will expedite efforts already underway and jumpstart new ones.

Here are the most impactful climate investments in rural America. Read More »

Posted in Agriculture / Tagged climate-smart agriculture, farm bill, Inflation Reduction Act, USDA | Comments are closed