Here’s How Farmers Are Using USDA’s $121 Million for Rural Development

We often hear about government funding but little about how it is actually being used. These 289 projects funded by the USDA will cover everything from solar arrays to grain dryers.

Most farmers know that if they collect crop insurance, they are allowed in most cases to defer those proceeds for one year. But in many cases, they can't defer all of it.
Most farmers know that if they collect crop insurance, they are allowed in most cases to defer those proceeds for one year. But in many cases, they can’t defer all of it.
(Farm Journal)

USDA announced $121 million in “critical infrastructure” improvements through 289 projects on Wednesday, by way of the Inflation Reduction Act.

The funds will be dispersed to rural America, where “communities deserve investments that will strengthen all of our resilience,” according to Dr. Jewel Bronaugh, USDA deputy secretary.

“The Biden-Harris Administration has created a roadmap for how we can…expand access to renewable energy infrastructure,” Bronaugh said. “The investments we’re announcing today…will strengthen our energy security, create good-paying jobs and save Americans money on their energy costs.”

Where will ag see these funds?

While this rural development funding comes with a hefty price tag, where will it have an impact?

Here are examples of how the funds will be used in your area:

Rural-Development-Investments.jpg
(Farm Journal)

To read the full list of projects, recipients and grants, and learn how to apply for funding like this, visit USDA.gov.

More on ag funding:
$100 Million Grant to Renewable Fuels Will Bring ‘New Wave of Growth’
Will the IRA’s Biofuel Provisions Ease Pump Prices? Sen. Ernst Isn’t Convinced

The Packer logo (567x120)
Related Stories
At the recent Washington Conference, panelist Rochelle Bohm of CMI Orchards warned the “exorbitant” fees associated with EPR compliance will quickly swallow up what little financial breathing room produce companies have left.
As peak harvest seasons in Florida and California converge with diesel prices sitting at $5.40 a gallon, refrigerated trucking capacity is poised to hit its tightest level in over a year. An expert reveals how to avoid a shipping scramble in July.
The Union City, Calif.-based company is eyeing a potential 50% boost in sales following the first acquisition in its 63-year history, a strategic expansion engineered to master the high-stakes world of just-in-time produce logistics.
Read Next
The Securing Agriculture’s Workforce Act aims to redefine temporary labor, providing a potential lifeline to specialty crop sectors teetering on a workforce tipping point.
Get Daily News
GET MARKET ALERTS
Get News & Markets App