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The program has been known as RAISE since 2021, and has awarded 90 projects across 47 states plus the District of Columbia and Guam in 2021, 166 projects across 50 states and various territories in 2022, and 162 projects across 50 states and various territories in 2023. [11] In 2023, the program received $2.2 billion in federal funding. [12]
A new round of grants from the federal government will pay out $78 million across 12 states and 13 tribal nations, hoping to reduce energy bills for rural people and create new renewable energy ...
The first farm bill of the new millennium was the Farm Security Act of 2002, which was signed into law on May 13, 2002. [23] Some of the bill's major changes in comparison to the 1996 bill include an alteration of the farm payment program and the introduction of counter-cyclical farm income support.
Today, agricultural subsidies are defended on the grounds of helping farmers to maintain their livelihoods. The majority of payments are based on outputs and inputs and thus favour the larger producing agribusinesses over the small-scale farmers. [6] [63] In the US nearly 30% of payments go to the top 2% of farmers. [55] [64] [65]
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Bayer shares fell sharply to a 20-year low on Tuesday, after the chemical company warned that weak global agricultural markets and a slumping U.S. farm economy are likely to pressure profits further.
The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally.
Tesla stock fell as the stock's post-election gains faded amid a cooling of the Trump trade and a new report from Reuters that suggested EV tax credits could be cut under the incoming Trump ...