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In practice, separate IRA and Farm Bill funding pools mean that farmers hoping to implement Climate Smart Agriculture and Forestry (CSAF) practices, conservation activities that have long been available in EQIP and CSP, will receive funding from the IRA pool created within the conservation program they apply to. Appendix Table 1.
Background The Whole-Farm Revenue Protection (WFRP) program is a novel crop insurance product that offers farmers nationwide the option to insure against revenue loss for their entire operation, including crop, livestock, and nursery production, under a single policy. The Whole-Farm Revenue Protection Program Improvement Act (S.2598)
The initiative will help agriculture and forestry — the largest private sector industries in Virginia — continue to thrive. Agriculture and forestry combine for an annual economic impact of over $90 billion. They are a crucial component of Virginia’s economy, especially in our rural areas.
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