Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Monday, September 24, 2012

Wind energy installations could stop if federal tax break isn't renewed

Installations of new wind turbines could stop without renewal of an energy-production tax credit that expires at the end of the year, according to the American Wind Energy Association. Some wind-energy installations have already shut down, and there will likely be a rush to complete projects before the cut-off date, Matthew Wald of The New York Times reports.

The importance of subsidies is highlighted in the Shepherds Flat wind farm in north-central Oregon (Department of Energy photo), which officially opened Saturday. The $1.9 billion project was financed with a $1.3 billion federal loan. Wind was one of the largest recipients of federal subsidies for electricity production in 2007, receiving much more than coal or  natural gas.

Extension of the wind subsidy is unclear. Congress did not act to extend it before it recessed for the election season, and it's unlikely it will be discussed during the lame-duck session after the election. (Read more)

Wednesday, August 15, 2012

Delaware, Maryland entice and train young farmers with grants and no-interest loans

Cara and Philip Sylvester, on their farm
in Delaware (State photo)
Two states have recently introduced programs that make it easier for young people to start farming.

In Maryland's Montgomery County, this month County Executive Isiah Leggett announced an initiative that will train young farmers and place them on privately owned land to grow sustainable crops and livestock for five years or more. The Washington Post reports that county officials hope to approve five to 10 participants this winter and prepare them to farm in the spring. Funded by a federal Small Business Administration grant, the New Farmer Pilot Project aims to help build small farms at a time when the county is struggling to preserve farming. (Read more)

In Delware, 10 young farm families and individuals are on their way to owning their dreams with help from an economic development program designed to boost agribusiness in The First State. The farmers from Kent and Sussex counties all received help purchasing land – nearly 900 acres total – from the Delaware Young Farmers Program, marking its first year. The no-interest loan program was launched in July 2011 by Gov. Jack Markell as a way to reduce the capital investment for young people looking to set up agribusiness operations. It was funded through $3 million in the fiscal 2012 budget. (Read more)