There was a recent Agri-Pulse interview with Debbie Stabenow, the chair of the Senate Ag Committee, where she remarked that an extension in the FB process (so not passing a Farm Bill this year) would reduce the IRA amount for the bill next year. Do you know what she meant? Is it because some more of the IRA conservation money will have been spent and therefore there would be less to add to the baseline (and therefore make it mandatory funding) in the Farm Bill?
@Dana Nuccitelli No one spells it out, but I think I was correct that if the Farm Bill is delayed for another year, there would be less to add to the Conservation baseline because some more of the IRA conservation money will have been spent.
From NRCS: Fiscal Year 2023 and 2024 Data
For fiscal year 2023, NRCS released data showing its investment of over $2.8 billion in financial assistance for conservation and supported more than 45,000 contracts, more than any year in the agency’s 89-year history. The agency released final fiscal year 2023 state-by-state data showing where investments went in FY 2023 for Farm Bill and Inflation Reduction Act. See the February 13, 2024 news release.
For fiscal year 2024, NRCS is releasing data as it becomes available. See the latest fiscal year 2024 data in the tool.
So those are spent or obligated funds.
And from
From Feb 2024 eenews:
Democrats are insistent as ever that they won’t let the IRA funding stray from “climate-smart” agriculture, even if they do allow unspent money from the law to be wrapped into the farm bill.
Perhaps as much as $14 billion of about $18 billion in the IRA hasn’t been obligated, according to House Republican Agriculture Committee staff, although it said that’s a rough estimate. The law’s appropriations run through fiscal 2031. [I added the bold]
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