Date: 12/11/2024
Type: Implementation of IRA
On December 11, 2024, USDA announced that it is awarding $335 million in grants to state agencies, and for-profit and non-profit organizations. The funding will be used to create economic incentives for private landowners to conserve their forest land. The grants will support activities including “connecting underserved and small acreage landowners with emerging climate markets, state-endorsed cost share payment programs for forest management on private land, and state and non-profit programs that issue payments to landowners for practices that increase carbon sequestration and storage.”
The grants are funded by IRA section 23002, which appropriated funding to USDA to support forest landowner climate mitigation participation.