New Farm Bill Preserves Core Clean Energy Programs
After three years of stops and starts, debate and negotiations, the Congressional Farm Bill Conference Committee has released a compromise bill between the House and the Senate that includes mandatory funding for a downsized Energy Title, including the Rural Energy for America Program (REAP) and Biomass Crop Assistance Program (BCAP).
If passed by Congress, the funding for REAP and BCAP in the compromise would ensure the popular programs will continue to support diverse technologies for renewable energy and energy efficiency initiatives in farm communities across the nation. REAP offers grants and loan guarantees for renewable energy and energy efficiency projects owned by farmers, ranchers, rural small businesses and rural electric co-ops. BCAP provides incentives to jump start sustainable energy crops that also provide conservation benefits.
“While the overall Energy Title funding has been reduced, this compromise provides the certainty for renewed growth in rural energy projects under both REAP and BCAP,” Olsen said. The bill announced late Monday by the Farm Bill Conference Committee includes $881 million for Energy Title programs over ten years.