Today’s federal budget committed significant new money to programs to help reduce agricultural greenhouse gas (GHG) emissions. New funding in Budget 2021 includes:
$200 million over two years to fund programs to improve nitrogen fertilizer-use efficiency, accelerate cover crop adoption, and expand rotational grazing.
In addition to new spending, the Budget allocates existing funds to create new programs, including:
$60 million, over two years, from previously announced funding, for a reverse auction pilot program to protect wetlands and trees on farms;
$10 million to help farmers adopt clean energy solutions and begin to transition off fossil fuels;
$50 million to help farmers purchase more efficient grain dryers; and
Approximately $100 million of the money that farmers currently pay in carbon levies on natural gas and propane will be rebated back to farmers.