Although most of the Inflation Reduction Act relates to climate change and the economy, the bill is also designed to help agricultural producers deal with rising input costs.
As reported in The Hagstrom Report on Friday, National Farmers Union President Rob Larew noted how important the act is for farmers, saying:
“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.”