Growing Returns

As drought persists, Colorado water funding comes just in time

Update: Colorado Gov. Jared Polis signed a bill June 24 to provide $20 million to water projects.

Despite some recent rains, nearly half of Colorado remains in a drought and about one-third of the state in severe, extreme or exceptional drought. Urgent action is still needed.

Colorado Drought Map

Fortunately, higher-than-expected sports betting dollars are just the first in a hat trick of three new funding streams that can deliver critical water projects in the state. Here are the three big plays: Read More »

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How financial data can bridge the investment gap to scale soil health

This blog post was co-authored by Camille Morse Nicholson of the Midwest Row Crop Collaborative.

The increasing attention being directed at agriculture and the environment by policymakers and the private sector is a welcome shift — one on which the future of our agricultural system depends.

However, there remain a host of uncertainties to be resolved as we shift the system to one that not only produces food, fuel and fiber, but also delivers soil health, biodiversity and climate resilience benefits.

The Midwest Row Crop Collaborative (MRCC), a coalition of companies and NGOs, is working to break down barriers to scaling climate-smart practices, including closing the information gap on the financial benefits of conservation practices like cover crops and nutrient management, and helping farmers invest in these practices, confidently. Read More »

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Pristine streams in Texas need protection. It’s up to the state Senate to act.

The first time I paddled the Nueces River I was blown away by the water — crystal clear, aqua colored, almost tropical. I could easily see the bottom of the river many feet below me and fish as they darted under my kayak.

Fed by springs that percolate up from groundwater beneath the Edwards Plateau, the Nueces is among the last remaining uniquely pure waterways in Texas.

More development is leading to an increase in discharge permit applications in Texas, putting pristine waterways like the Nueces at risk.

House Bill 4146 by Rep. Tracy King (D-Laredo) and Senate Bill 1747 by Sen. Judith Zaffirini (D-Laredo) in the state Legislature will protect these unspoiled streams and rivers by prohibiting wastewater discharges in them. HB 4146 has passed the House and now awaits a hearing in the Senate Water, Agriculture and Rural Affairs Committee.

Read More »

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Farm Credit CEOs discuss emerging opportunities to finance resilient agriculture

Climate change is already impacting farmers, both through extreme weather events and more variability in temperature, rainfall and pests. At the same time, farmers and the broader agricultural system can provide climate solutions and build resilience to reduce climate-related risk.

This dual opportunity has implications for the entire agricultural system, including the agricultural lenders who finance farms. Read More »

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How USDA can leverage a carbon bank for farmers, foresters and the climate

As the U.S. works to cut greenhouse gas emissions 50% by 2030, the agriculture and forestry sectors have important contributions to make to reducing emissions and sequestering carbon, as well as building resilience to climate impacts that are already here.

A carbon bank run by the U.S. Department of Agriculture is one policy option to help increase and reward agriculture’s climate contributions. Although a carbon bank — broadly defined as a set of policy tools to direct funding to incentivize voluntary climate mitigation — has been the subject of heightened interest for the past several months, the concept remains amorphous because it’s new. USDA, Congress and impacted stakeholders are still figuring it out.

While the need to address climate change is urgent, it’s also essential to get a carbon bank right so that farmers, policymakers, carbon credit buyers and everyone who depends on a stable climate don’t lose faith in agricultural and forestry climate solutions.

Here are four ways that USDA can move forward on a carbon bank, even in the face of uncertainty, to leverage the power of farms and forests to mitigate and adapt to climate change. Read More »

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3 ways this accounting platform will help California groundwater agencies transition to sustainable supplies

This blog is co-authored by Tara Moran, president and CEO of the California Water Data Consortium.

As California grapples with another drought, farmers and water agencies will again lean on groundwater to offset declines in surface water supplies stemming from paltry snowmelt and corresponding low reservoirs and river flows.

However, there is at least one major difference from the last drought: Since then, more than 250 groundwater agencies have been created and have spent the last several years compiling data on their region’s groundwater supply and demand. To comply with the Sustainable Groundwater Management Act (SGMA) many groundwater agencies are now considering new tools to use this data to support groundwater management decisions.

Today, Environmental Defense Fund, the California Department of Water Resources, the State Water Resources Control Board and the California Water Data Consortium announced a partnership to scale one of these tools: an open-source water accounting platform. Here are three reasons why this announcement is so important. Read More »

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New York and New Jersey face serious flood risks. Here’s how the Army Corps can address them.

The densely populated coastal regions of New York and New Jersey face serious flood threats as climate change, increased storm frequency and rising sea levels exacerbate vulnerability.

Without action, 2.9 million people and $2.1 trillion in assets in New York City and Newark, NJ, alone are at risk of flooding by 2070.

The U.S. Army Corps of Engineers plays a major role in assessing flood risk and identifying solutions to reduce it. However, to date, the Corps’ approach has not matched the scale and scope of flood threats to communities and vital infrastructure.

In light of last year’s Water Resources Development Act, the Corps must include implementation guidance to pursue a holistic approach in their upcoming New York-New Jersey Harbor and Tributaries Study (NYNJHATS).

Here are four ways the Corps can adequately address the region’s flood risk:

Read More »

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Top 5 priorities for USDA to support climate-smart farms and forests

“America’s farmers, ranchers, and forest landowners have an important role to play in combating the climate crisis and reducing greenhouse gas emissions, by sequestering carbon in soils, grasses, trees, and other vegetation and sourcing sustainable bioproducts and fuels.”

— President Biden’s Executive Order on Tackling the Climate Crisis

President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad directed Agriculture Secretary Tom Vilsack to seek public input on the U.S. Department of Agriculture’s strategy for supporting climate-smart agriculture and forestry.

Here are the top five priorities that USDA should be focused on. Read More »

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3 ways the Growing Climate Solutions Act will help farmers and rural communities thrive

More than forty senators have co-sponsored the reintroduced Growing Climate Solutions Act — the first major piece of bipartisan legislation to help ensure that farmers, ranchers and foresters benefit from being part of the climate solution.

The bill has a real chance of becoming law this year — a sign of hope for collaboration on climate on Capitol Hill. It advanced unanimously out of the Senate Agriculture Committee and has growing bipartisan support in the House of Representatives.

Here are three ways this bill advances agricultural climate solutions, with benefits that extend far beyond the farm. Read More »

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As Texas drought worsens, two bills can advance sustainable, equitable groundwater management

Drought conditions are now confronting 75% of Texas, putting more pressure on critical water supplies.

Thirty-two cities or water supply entities in Texas are under voluntary or mandatory water restrictions. Flows in a majority of river basins across South Central Texas have dropped below or far below normal. And the Edwards Aquifer, which stretches across thousands of acres in South Central Texas and serves San Antonio, has dropped nearly 10 feet below average levels for March.

Amid this grim news, state lawmakers have the opportunity to take two important steps toward more sustainable and equitable management of vital water resources.

Read More »

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