Some of the world’s top emitters of methane haven’t signed a global effort to curb how much of the greenhouse gas is emitted by 2030.
The three countries – China, Russia and India – that produce the most methane emissions in the world haven’t signed onto the pact, which has been spearheaded by the U.S. and European Union ahead of a major United Nations climate conference. The nations that have signed the agreement represent nearly 30% of global methane emissions, the State Department said Monday.
The U.S. and EU unveiled the Global Methane Pledge on Sept. 18, which they said would be key in the global fight against climate change. The U.K., Italy, Mexico and Argentina were among the seven other countries that immediately signed the agreement last month. Read More
President Joe Biden has proposed amending the inheritance tax, also known as the “death tax,” but farmers around the country are raising concerns about the plan.
In the American Families Plan introduced earlier this year, Biden proposed repealing the “step-up in basis” in tax law. The stepped-up basis is a tax provision that allows an heir to report the value of an asset at the time of inheriting it, essentially not paying gains taxes on how much the assets increased in value during the lifetime of the deceased. This allows heirs to avoid gains taxes altogether if they sell the inheritance immediately.
Under Biden’s change, heirs would be forced to pay taxes on the appreciation of the assets, potentially over the entire lifetime of the recently deceased relative. Read More
China’s effort to unseat America as the world’s economic superpower has a new tactic: It has bought up more than 200,000 acres of U.S. farmland. And while there is bipartisan support for legislation to slow down Beijing’s acquisitions, Democrats have added a new wrinkle.
Rep. Dan Newhouse (R-Wash.), who is leading the legislative charge, says congressional Democrats have removed all references to the communist government of China in an amendment to an agricultural spending bill that originally prevented the Chinese Communist Party’s purchase of American farmland. Read More
Two dairy farms in Arizona soon will be producing more than milk.
Renewable energy company Avolta has begun construction on a renewable gas project in Buckeye that will turn the tons of manure produced daily from the more than 25,000 Holstein dairy cows at Buttermilk farms into biogas.
The manure will be sealed underground and “digested” until methane can be created and extracted. The gas is processed and pumped into a nearby Southwest Gas pipeline, providing the farms with an additional revenue stream and keeping the methane gas out of the atmosphere. Read More
A federal judge in Florida temporarily halted President Joe Biden’s $4 billion debt relief program exclusively for farmers of color, saying in a Wednesday order that the program was racially discriminatory.
U.S. District Judge Marcia Morales Howard sided with Scott Wynn, a Florida-based white farmer who sued to block the program in May. The Department of Agriculture (USDA) program was originally passed in March as part of Biden’s $1.9 trillion coronavirus relief package, with the intention of providing relief to “socially disadvantaged farmers.”
“Section 1005’s rigid, categorical, race-based qualification for relief is the antithesis of flexibility,” Howard wrote. “The debt relief provision applies strictly on racial grounds irrespective of any other factor.” Read More
A federal judge Thursday afternoon suspended a loan forgiveness program that issues relief to farmers and agricultural workers of color.
Judge William Griesbach of Wisconsin’s Eastern District handed down a temporary restraining order after the conservative Wisconsin Institute for Law and Liberty (WILL) filed a lawsuit in April. The group alleged in its announcement that President Joe Biden’s relief program was unconstitutional and that white farmers should have been included in the loan program.
“The Court recognized that the federal government’s plan to condition and allocate benefits on the basis of race raises grave constitutional concerns and threatens our clients with irreparable harm, said Rick Esenberg, WILL’s president and general counsel, in a press release Thursday. “The Biden administration is radically undermining bedrock principles of equality under the law.” Read More