Zivo Bioscience: ALGAE AGRICULTURE TRIUMPHS IN FARM BILL COMPROMISE
December, 12 / 2018
In a historic day for the algae industry, the U.S. Senate Tuesday approved a Farm Bill compromise that dramatically expands federal support for algae agriculture. The bill sets U.S. farm policy through 2023. It is expected to pass the House of Representatives as soon as today and receive President Trump’s signature before Christmas.
Among the bill’s more than 800 pages is a suite of provisions placing algae among the nation’s top priorities for new crop deployment and providing support for the development of algae and related technologies in nutrient management, soil health, carbon recycling and other farm and rural applications.
The bill’s key algae provisions include:
Crop Insurance– Algae are explicitly added under the definition of “agricultural commodity” for the purposes of federal crop insurance programs, paving the way for federal crop insurance for algae production
Algae Agriculture Research Program– Establishes a new USDA Algae Agriculture Research Program to address challenges in farm-scale algae production and support development of algae-based agriculture solutions
Biomass Crop Assistance Program– Provides for the first time full eligibility to algae under the Biomass Crop Assistance Program. BCAP provides financial support to farmers for establishment, production and delivery of new biomass crops
Biobased Markets Program (BioPreferred)– Directs USDA to establish methodology providing full credit for biobased content for products from biologically recycled carbon. Current USDA methodology excludes biobased products from recycled carbon.
Biorefinery Assistance (9003 Loan Guarantee) Program – Expands the section 9003 loan guarantee program to allow algae-based and other biorefinery projects for the manufacture of renewable chemicals and biobased products to qualify regardless of whether biofuels will be produced
Carbon Capture and Use – Adds several provisions expanding CCU research, education and outreach at the Department of Agriculture
