Biden to divert $30 billion in farm bailouts to experimental carbon capture programs

President Joe Biden’s frenzy to reverse virtually every decision Donald Trump made in office could soon target America’s farmers.

As part of his climate change agenda, Biden is looking at diverting some $30 billion in farm bailouts to invest in experimental carbon capture programs, Politico reported.

Divert farm bailout money

The money comes from an institution called the Commodity Credit Corp, which was established to help farmers weather the Great Depression.

President Trump retooled it to help farmers struggling through his trade war with China. The fund has a $30 billion annual borrowing limit.

Biden’s nominee to lead the Agriculture Department, Tom Vilsack, has made clear that fighting climate change will be a top priority for the USDA, and he plans to conscript farmers in the effort.

In view of that, Biden’s team is looking at using funds from the CCC for a “carbon bank” that would pay farmers to sequester carbon.

“It is a great tool for us to create the kind of structure that will inform future farm bills about what will encourage carbon sequestration, what will encourage precision agriculture, what will encourage soil health and regenerative agricultural practices,” Vilsack said.

Controversial proposal

It remains to be seen whether Vilsack has the authority to go forward — but trading direct farm aid for climate change subsidies with unclear benefits for farmers will likely prove controversial.

Skeptics say that the risks involved work to the advantage of bigger, wealthier farms and that carbon sequestration has not been proven to reduce emissions in any event. A push for a “cap-and-trade” program faltered under President Obama amid skepticism from farmers.

But Vilsack is excited about the program, which he says could establish a blueprint for future farm bills.

“I think agriculture is probably the first and best place to begin getting some wins in this climate area,” Vilsack said. “Farmers are prepared for it. Farmers are anxious to do it. If it’s voluntary, if it’s market-based, if it’s incentive-based, I think you will see farmers, ranchers, and producers cooperate extensively.”

Biden’s climate agenda has also seen the elimination of the Keystone XL pipeline and a pause on oil and gas leases, costing thousands of union jobs.

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36 Responses

  1. His handlers are very eager to ruin the economy.

    I didn’t vote for him. You who did have brought a world of hurt on yourselves.

    1. Not just themselves but the rest of us with them. this is terrible! What are we going to do import all our food from china? That could be Biden’s plan since he loves China so much more than he does America.

    2. Groping joe is being handled by soros, pelosi & obummer. Would be nice to see who gets the billions in kickbacks with the farm aid money. Maybe a couple thousand dollars for the carbon study’s. They split. Demonic democrat dictatorship liars better heed the warning signs or they are gonna be zombies in the tribulation period. SEMPER FIDELIS

    3. and we hope they are happy now…….mere weeks into his presidency, sleepycreepy has ruined more of American’s lives than we could have ever even dreamed possible

  2. Joe Biden is turning the Global Food Production over to the Chinese. This move will make American Farmers less competitive. China is gaining the capability to feed the world through global acquisitions and the ability to scale at home. Is Joe Biden trying to bury American in his first month?

    1. NO! He’s not trying to bury AMERICA 🇺🇸 in his first month. He’s already done it on his first day. I hope and pray that we will have an AMERICA 🇺🇸after he out of office. It appears that he won’t be happy until they destroy everything including the AMERICAN 🇺🇸PEOPLE. What’s his problem?? You people who didn’t like President Trump need to take a good look at what’s happening in AMERICA 🇺🇸 NOW. We lost so many jobs and losing more. But that’s OK. China 🇨🇳 is doing GREAT. GOD PLEASE BLESS AMERICA 🇺🇸 🇺🇸🇺🇸🇺🇸.

    2. I wonder what role Bill Gates will play in this if any since it’s out that he’s buying up all of this farmland in the U.S?

    3. Why do you think Gates bought all those acres of farm land? He wants to feed us now..no beef..no chicken..no pork..just what ever he grows. Thank all you china joe voters.

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  4. How much longer will we have to tolorate this, “Moron Being President?” He is a, disaster! Please, remove him from office and put the, “Real President” back in the Whitehouse, Donald J. Trump!

  5. I agree with both of you. Biden could care less about Americans. He has enough of tax money to live comfortably for years. He won’t let that get to low. America will not survive 4yrs.

  6. I agree with all the above comments. The Biden Administration has a goal of ruining America in each and every aspect from Medical, to farming to the democracy our forefathers so valiantly wanted for us. May God help us all.

  7. What a dumb move from someone who excells in dumb moves. . . .INSTEAD OF MESSING WITH OUR UNEQUALED FOOD GROWING ABILITY IT MIGHT BE A GOOD IDEA TO QUIT MESSING WITH OUR LEADERSHIP IN PETROLEUM PRODUCTION. . . . kEEP WORKING ON SOLAR ETC PRODUCED ELECTRICITY UNTIL IT CN BE PRODUCES AS CHEAPLY AS PETROLEUM AND LET IT TAKE ITS PLSCE IN THE WORLD! ! ! BUT DONT MESS WITH WHAT YOU DONT KNOW ANYTHING ABOUT. . . DO THE NATION A FAVOR JOE GO BACK TO YOUR BASEMENT

  8. He who controls the energy controls the country
    He who controls the food controls the people.

    Gates, Turner, Bezos the eugenists are the largests farmland holders in America. Guess who will control the food?

  9. Like I have said many times now, Biden really needs to be impeached along with Harris. Their both are going to destroy this country in every way that they can and hurt the American people in many different ways.

  10. What in the hell is he thinking. I’m an old retired farmer most of the world’s food comes from the United States of America! I hope you all know how to grow your own, if not get in touch with someone who knows!

  11. I have worked clean environment , I do not think biden has ever worked a day in is/her life on any honest project , he/she is probably splitting this money with his mob

  12. Biden is a life long blood sucking political leach and an evil Communist idiot. Anyone with half a brain cell can see he is destroying America along with every taxpaying citizen!
    GOD help us.

  13. I left the dem. party to become a republican. Big mistake. I guess my family will pray that a new party will rise up to save our country. The republicans are a bunch of spineless do nothings. We have people who have lost jobs, can’t feed their families & some have lost their homes. Do they have so much dirt on one another that they have become a cult. It seems all they care about is lining their pockets with taxpayer money. Marjorie Green is the only one who has the moral integrity to stand against the wrongs that are being dished out on us. God bless her. If they cared at all they would be standing with her but instead they are trying to kick her out. Guess she doesn’t fit the cult guide book.

  14. I had uncles on my mother’s side of the family and my father’s side. I worked on one uncle’s farm when I was about 9 years old after school, on weekends and spent summers living, working there. Biden doesn’t have a clue what hard work farming is and sure as hell doesn’t know how to run America!

  15. wow what a smart guy but it is a good thing for all of his supporters he is doing a great job to make history as the president who created the biggest depression in American history and he is not going to stop there what a wonderful choice some people made

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