|Policy Type:||Regulatory Instruments|
|Policy Target:||Energy Sector>Energy Efficiency / Demand Reduction, Energy Sector>Electricity Generation>Renewable>Bioenergy|
|Agency:||U.S. Department of Agriculture|
|Legal References:||Farm Security and Rural Investment Act of 2002 (Public Law 107-171)|
In May 2002, the United States President signed the Farm Bill - officially called the Farm Security and Rural Investment Act of 2002 - which includes a variety of programs to encourage the production of energy on farms while providing incentives for farmers to increase their energy efficiency and their use of renewable energy resources. Title IX of the bill specifically addresses energy, providing USD 204 million in subsidies over the next four years for producers of fuel-grade ethanol and biodiesel. It also provides USD 5 million to educate consumers about biodiesel and USD 6 million to establish a new program to encourage the purchase of biobased products by federal agencies. The new program will include an effort to establish voluntary labelling of biobased products. The bill encourages farmers to be energy efficient and to use renewable energy systems, including wind energy systems and anaerobic digesters, by providing USD 115 million over the next five years for low-interest loans, loan guarantees, and grants. It also extends the Biomass Research and Development Initiative through 2006, providing USD 75 million to continue the Initiative.
|This record is superseded by:||Food, Conservation, and Energy Act of 2008|
Last modified: Thu, 14 Mar 2013 12:43:07 CET