Inflation Reduction Act Offering New Opportunities for Virginia Producers
- Mary Sketch
- Feb 24, 2023
- 1 min read
RICHMOND, Va. – The Inflation Reduction Act (IRA), provisions of which are designed to help agricultural producers continue to farm and to promote climate-smart agriculture by increasing farmers’ access to conservation services, was signed into law on August 16, 2022.
USDA’s Natural Resources Conservation Service (NRCS) is now accepting applications to its Environmental Quality Incentives Program (EQIP) and Conservation Stewardship Program (CSP) for funding in Fiscal Year 2023 using funds provided by the IRA. EQIP-IRA and CSP-IRA applications must include at least one core Climate Smart Agriculture and Forestry (CSAF) conservation practice or activity that directly improves soil carbon, reduces nitrogen losses, or reduces, captures, avoids or sequesters carbon dioxide, methane or nitrous emissions associated with agricultural productions. Facilitating practices or activities that are needed to implement the core practice may also be included.
Click the link to view the complete list of CSAF conservation practices and activities.
Virginia NRCS' IRA focus for FY23 will include, but is not limited to:
Improving energy efficiency of stationary equipment and facilities on agriculture operations to reduce energy use.
Increasing total carbon stored in soils and/or perennial biomass to reduce atmospheric concentrations of carbon dioxide and enhance carbon sequestration.
Applications are available at your local USDA Service Center or online on our Get Started with NRCS web page and will be accepted until March 17, 2023. All applicants must have farm records established with USDA's Farm Service Agency (FSA). Advance payment options are available for historically underserved* producers. Follow this link to learn more about Virginia Farm Bill programs.
The Inflation Reduction Act is a game-changer for Virginia producers! This legislation is opening up new opportunities for farmers and businesses across the state by addressing the pressing issue of rising prices. With measures to stabilize costs and increase market access, our producers can now thrive in a more stable economic environment. The Act is a beacon of hope for those in the agriculture industry, offering support and incentives to help them navigate these challenging times. As a proud Virginian, I am excited to see how this Act will benefit our local businesses and communities, paving the way for a brighter future for all.
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