News
New report supports cap-and-trade
The USDA, EPA and several organizations have all released their own analyses of the impact of various climate change legislation proposals being discussed in Congress. Now a new analysis is being offered by the organization called the 25x’25 Alliance.
The 25x’25 group worked with the University of Tennessee’s Bio-based Energy Analysis Group on the study. Their conclusions—under a “properly constructed” cap-and-trade program, income from offsets and from market revenues is higher than any potential increase in input costs including energy and fertilizer. It shows that net returns for virtually all major crops are positive, up to 13 billion dollars per year.
The key term there is “properly constructed.” According to the group’s report, an operationally efficient cap-and-trade program is one that is designed to allow offsets for multiple practices, including bioenergy crop production; reduced soil tillage; bioenergy crops; methane capture; efficient fertilizer application; planting perennial grasses or trees on marginal land; and, keeping good farmland in crop production.
The study also warns that if carbon emissions are regulated solely by EPA—as prescribed under a 2007 Supreme Court ruling—net farm income is projected to fall below USDA baseline projections.
“The study provides clear evidence that EPA regulation could subject agriculture to higher input costs,” says Bart Ruth of Rising City, Nebraska, policy chairman for 25x’25. “And there will be no opportunity for farmers, ranchers and forestland owners to be compensated for the greenhouse gas reduction services they provide. Furthermore, the impacts of EPA regulation on beef production are uncertain.”
25x’25 announced the study results at the National Association of Farm Broadcasting conference in Kansas City. The 25x’25 Alliance advocates for the role of agriculture and forestry in providing energy and climate solutions from the land.
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The argument that we should support cap and trade because we don’t want EPA regulations baffles me. Cap and trade may not be as bad as EPA regulation, but why just sit down and let it pass? The cap and trade system being proposed in Congress is not properly constructed, it will do irreparable damage to the agriculture industry, as well as the US economy. The EPA issue is something that needs to be dealt with, but that does not justify allowing cap and trade to pass. Voice opposition to this flawed legislation at http://tiny.cc/BuR8O.
#1 Ever since the last ice age the planet has been warming. It warmed enough to melt the glaciers that were across the mid-West. It happened NATURALY. footnote; the dinosaurs had not even turned into oil yet. #2 The Sun controls our heat. Not Al Gore’s global warming certificates that he stands to make billions from selling. #3 If people are really this dumb, I can sell them a story too. Ever since last June 21st the days have been getting shorter and shorter. Soon the Sun will burn out completely and we will all be plunged into darkness..etc…doom and gloom…polar bears won’t be able to find their way around in the dark, the only thing that can restore the Sun is if you buy my Save the Sun Credits…I think by now you get the idea. Remember that movie “The Sting”…