Vilsack calls Inflation Reduction Act a “once in a lifetime investment” in rural America
The head of USDA calls the Inflation Reduction Act historic legislation because of unprecedented investments in rural America.
On a call with reporters Wednesday, Ag Secretary Tom Vilsack said the bill provides his agency nearly $40 billion to improve rural communities.
“It really is a once in a generation, once in a lifetime level of investment. We haven’t seen this level of investment, for example in conservation, since the Dust Bowl.”
The Inflation Reduction Act includes $20 billion to fund climate smart agricultural practices.
“This is going to help nearly 300,000 farms and ranches across the United States implement conservation strategies on approximately 125 million acres of land.”
Vilsack says the bill also provides $500 million to build out biofuel blender infrastructure to continue to increase the utilization of higher blends of biofuels, and additional tax credits to spur the sustainable aviation biofuel industry.
President Biden signed the Inflation Reduction Act into law Tuesday.