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The Forest Legacy Program was established in the 1990 United States farm bill to protect environmentally important forest lands that are threatened by conversion to nonforest uses. It provides federal funding for conservation easements and fee simple purchases.
[10] 98% of forest cover in the United States is natural with the remaining 2% being plantation land. 33% of the United States is made up of forests. Out of the 33% of the U.S. covered by forests, 37% make up subtropical forests. 48% make up temperate forests. The remaining 15% consists of boreal forests. [11]
The Forest Legacy Program has two main goals. The first is to support property acquisition and the second is to acquire donated conservation easements. Participation in the FLP program is limited to private land owners and the federal government funds up to 75% of the costs that are involved.
Part of the funding is from the U.S. Department of Agriculture's Forest Legacy program. The department awarded nearly $544 million to 63 projects in 2024, according to its website.
The Treasury Department currently anticipates that approximately half of the TARP resources for legacy assets will be devoted to the Legacy Loans Program, but the program will allow for flexibility to allocate resources for the greatest impact. A broad array of investors are expected to participate in the Legacy Loans Program.
The benchmark 10-year Treasury rate rose by as much as 18 basis points the day after the election, pushing the overall rate on the bond to 4.47 percent. The price of bonds and their yield move ...
The 10-year Treasury yield is the key rate to watch for many borrowers. The bond yield has been rising, even as the Fed has cut rates by 100 basis points since September.
The effective federal funds rate over time, through December 2023. This is a list of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of treasury securities. The Federal Open Market Committee meets every two months during the fiscal year.