Impact of ESG on the Farm Bill
ESG activists and money managers are pushing to incorporate ESG requirements into the Farm Bill, which could significantly impact American farmers, increase costs, and threaten food security. Consumers' Research is urging Congress to reject these ESG initiatives in the Farm Bill.
Key Points
- ESG requirements could raise farmer's costs by 25%
- Higher food production costs could lead to an additional $1,300 per year for American families
- Inclusion of ESG in the Farm Bill could lead to dropping domestic suppliers for foreign ones
- Consumers' Research urges Congress to keep ESG out of the Farm Bill
Cons
- Increased costs for American farmers
- Threat to family legacies and farms
- Potential loss of domestic suppliers in favor of foreign producers
- Risk to food security and rural America's tax base