Climate Change Bill Not Good for Indiana or Agriculture
Hoosier AG Today
The climate change bill that squeaked through the House last month is now before the US Senate; and, again Indiana and agriculture stand to lose if the bill is passed. American Farm Bureau Federation President Bob Stallman testified before a Senate committee on Tuesday that "Cap-and-trade legislation will have little or no impact on the climate because greenhouse gas emissions require a global response,” AFBF also contends that the bill will raise food prices for consumers unless an offset program is put into place to defray production input costs. An agricultural offsets program administered by the Agriculture Department is an essential cost containment measure, but revenues from offsets will only partially defray increased costs and not all agriculture sectors will benefit from offset opportunities.