USDA Says Farmers Win With Cap-And-Trade

Law360, New York (July 22, 2009, 4:47 PM EDT) -- Secretary of Agriculture Tom Vilsack assured agriculture and forestry representatives on Wednesday that a carbon cap-and-trade program would protect their economic interests, citing new analysis suggesting farmers could reap net gains up to $20 billion by 2050 through an offset market.

Vilsack defended a version of the American Clean Energy and Security Act passed by the U.S. House and Representatives in June during testimony before the Senate Agriculture Committee, saying that key compromises in the House bill — including giving the U.S. Department of Agriculture regulatory...
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