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Friday, June 21, 2024

Biden-Harris Administration Invests $238 Million into Agriculture

Key Takeaways:

  • The USDA is providing $238 million in funding through the Rural Energy for America Program (REAP) and the Higher Blends Infrastructure Incentive Program (HBIIP).
  • The REAP program, which is part of the President’s Justice40 Initiative, supports agricultural producers and rural small business owners in expanding their use of renewable energy sources and making energy efficiency improvements.
  • In addition to the REAP program, the USDA is also awarding more than $43 million in grants through the HBIIP to increase the availability of domestic biofuels in 15 states.

Biden-Harris Administration Agriculture Investment

The Biden-Harris Administration, through the USDA, has announced a significant investment in clean energy projects and biofuels to support farmers, ranchers, and agricultural producers. Agriculture Deputy Secretary Xochitl Torres Small made the announcement on Earth Day 2024.

The USDA is providing $238 million in funding through the Rural Energy for America Program (REAP) and the Higher Blends Infrastructure Incentive Program (HBIIP). These investments are part of President Biden’s Investing in America agenda.

The REAP program, which is part of the President’s Justice40 Initiative, supports agricultural producers and rural small business owners in expanding their use of renewable energy sources and making energy efficiency improvements. The program is expected to cut energy costs for family farms and businesses, allowing them to invest back into their communities by creating new jobs and opportunities.

Example Agriculture Projects

Examples of REAP-funded projects include Cellar ’54 LLC in Pennsylvania, which will use a $49,000 grant to install a solar photovoltaic system for its winery, and Yarbro Farms in Tennessee, which will use a $536,000 grant to install a ground-mounted solar array on its row crop farm. These projects are expected to save businesses thousands of dollars annually and generate significant amounts of clean energy.

Since the start of the Biden-Harris Administration, the USDA has invested more than $2 billion through REAP to support renewable energy and energy efficiency improvements in rural communities. The USDA continues to accept REAP applications and will hold funding competitions quarterly through September 30, 2024.

Grants and Rewards

In addition to the REAP program, the USDA is also awarding more than $43 million in grants through the HBIIP to increase the availability of domestic biofuels in 15 states. These grants will help business owners install and upgrade infrastructure such as fuel pumps, dispensers, and storage tanks, providing Americans with cleaner and more affordable fuel options.

Examples of HBIIP-funded projects include Clyde S. Walton Inc. in Pennsylvania, which will use a grant of more than $810,000 to install a biodiesel storage tank and loading equipment at its home heating oil distribution facility, and Twin Cities Auto Repair & Gas LTD in Minnesota, which will use a $402,000 grant to install E15 dispensers and ethanol storage tanks at a fueling station.

These investments in clean energy and biofuels are part of the USDA’s broader efforts to support rural communities, create jobs, and address the impacts of climate change.

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Lazarus
Lazarushttps://ljlnews.com
Publisher and editor of LJLNews. I am a Stock Market enthusiast, with an interest for politics. I hope you enjoy reading the articles! Contact me at: Lazaruslucas@ljlnews.com

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