Farm Bill 2007 Include More Than $1.6 Billion in New Renewable Energy Funding
Date Posted: February 8, 2007
The following is an outline of Renewable Energy Funding as presented in the 2007 Farm Bill Proposal.
The Administration's Farm Bill Proposals Include More Than $1.6 Billion In New Renewable Energy Funding And Targets Programs To Cellulosic Ethanol Projects.
These Proposals Advance Renewable Energy And Build Upon Farm Bill Energy Programs By:
- Providing $500 Million For A Bioenergy and Biobased Product Research Initiative. Advances in technology play an important role in the future of renewable energy.
Our scientists, farmers and entrepreneurs must coordinate efforts to continue improvements in crop yields and work to reduce the cost of producing alternative fuels.
- Providing $500 Million For Renewable Energy Systems And Efficiency Improvements Grants Program.
This program supports small alternative energy and energy efficiency projects that directly help farmers, ranchers and rural small businesses.
- Providing $210 Million To Support An Estimated $2.1 Billion In Loan Guarantees For Cellulosic Ethanol Projects In Rural Areas. This program will advance the development of cellulosic ethanol production.
For more information, visit USDA at www.usda.gov