top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Domino September - Website Banner - GS1 - 300x250.gif
USDA announces investment in climate-smart commodities
Phoebe Fraser

Phoebe Fraser

28 September 2022

USDA announces investment in climate-smart commodities

The US Department of Agriculture (USDA) has announced plans to invest up to $2.8 billion in funding under the first pool of the Partnerships for Climate-Smart Commodities. The announcement was made by agriculture secretary, Tom Vilsack, who said the USDA will support 70 climate-smart commodities and rural projects with the funds. According to the USDA, the initial projects will "expand markets for climate-smart commodities, leverage the greenhouse gas benefits of climate-smart commodity production and provide direct, meaningful benefits to production agriculture, including for small and underserved producers". Vilsack said: “There is strong and growing interest in the private sector and among consumers for food that is grown in a climate-friendly way. USDA is delivering on our promise to build and expand these market opportunities for American agriculture and be global leaders in climate-smart agricultural production. This effort will increase the competitive advantage of US agriculture both domestically and internationally, build wealth that stays in rural communities and support a diverse range of producers and operation types.” $1 billion has already been allocated for the programme, divided into two funding pools. Due to unprecedented demand and interest, the Biden-Harris administration increased the total funding allocation to more than $3 billion. Projects from the second funding pool will be announced later this year.

bottom of page