The Inflation Reduction Act recently signed into law by President Biden not only extended the Affordable Care Act, but also infused funding to several agricultural conservation programs familiar to producers. Economists with the Agricultural and Food Policy Center at Texas A&M University in College Station have compiled a briefing paper evaluating the effects of the bill on agriculture.
“The bottom line is that there is an enormous infusion of funding for conservation programs,” said Bart Fischer, Ph.D., food policy center co-director in the Department of Agricultural Economics of the College of Agriculture and Life Sciences, Bryan-College Station. “Much discretion about the distribution of that funding is left to the U.S. Department of Agriculture, so we will have to see how they implement the program before we know how everything will work.”