FACT SHEET: President Biden Announces Over $5 Billion to Support Rural Communities During Investing in Rural America Event Series (including $1.7 Billion in Investments in Climate-Smart Agriculture)

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1. * $1.7 Billion in Investments in Climate-Smart Agriculture: The U.S. Department of Agriculture (USDA) is announcing nearly $1.7 billion in funding to support the adoption of climate-smart agriculture practices, which have direct climate mitigation benefits, advance a host of other environmental co-benefits, and offer farmers, ranchers and foresters new revenue streams. Dutch Creek Farms, where President Biden will visit today, is a family farm that grows corn and soybeans and raises hogs. Under the Biden-Harris Administration, Dutch Creek Farms has used several climate-smart agriculture techniques to make their farm more sustainable, including growing crops that naturally sequester carbon and improve soil quality, farming in a way that limits soil disturbance, and creating riparian buffers to protect nearby waterways from pollutants.
   * $145 Million to Expand Access to Renewable Energy and Lower Energy Costs for Rural Americans: USDAis announcing $145 million in funding for 700 loan and grant awards through the Rural Energy for America Program (REAP) to help agricultural producers and rural small business owners make energy efficiency improvements and renewable energy investments to lower energy costs, generate new income, and strengthen the resiliency of their operations. This funding is made possible in part by President Biden’s Inflation Reduction Act – the nation’s largest-ever investment in combatting the climate crisis.