At the White House, President Biden signed the Inflation Reduction Act into law this week.
It provides major spending for rural America in hopes of lowering costs for rural families, creating jobs in rural communities, and a strong focus on improving soil health and water quality.
Within the bill, $20 million will be available to help improve soil health, increase crop yields, reduce fertilizer costs, increase resiliency to extreme weather and diversify income streams. More than $5 billion will also help farm debt holders and those in undeserved areas.
Related:
There is a mixed reaction among the ag industry with Inflation Reduction Act
Inflation Reduction Act: How Senator Grassley says it will impact farmers
Deal Reached: Inflation Reduction Act passes in the Senate
