Cap-and-Trade Could Reduce Livestock by Double Digits


Under a cap-and-trade program some sectors of livestock production would be reduced by double digits by 2050, according to testimony Thursday by USDA Chief Economist Dr. Joseph Glauber before the House Agriculture Subcommittee on Conservation, Credit, Energy, and Research.

“I am alarmed by Dr. Glauber’s testimony,” said Bob Goodlatte (R-Va.), the committee’s ranking member. “If USDA’s analysis is true, then U.S. agriculture may have difficulties providing food security for the U.S. population. From my discussion with witnesses on our second panel, we can find alternatives to cap and trade that will not have these negative effects on our farm economy.”

Goodlatte said USDA’s projection of 59 million acres of new woodland by 2050 was “stunning” and would mean higher feed costs for livestock and dairy farmers because of less pasture and cropland. USDA said the land conversions could start at 8 million acres, mostly pastureland, in 2015 with a carbon price of $13 per tonne and expand as carbon prices rise.

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One response to this post.

  1. […] Up to 59 million acres of pasture and cropland could be converted to woodland by 2050 under a cap-and-trade system, according to the USDA analysis. […]

    Reply

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