American Forest Foundation welcomes Inflation Reduction Act funding to pave way for underserved landowners to conserve forests; it says USDA's 'historic move' opens up voluntary carbon market for more family forest owners 

Sample article from our Government & Public Policy

WASHINGTON , August 23, 2023 (press release) –

A historic move by the USDA opens the door to the voluntary carbon market for more family forest owners 

On Tuesday, the United States Department of Agriculture (USDA) Forest Service announced a notice of funding opportunity for $150 million of the proposed $450 million in Inflation Reduction Act (IRA) funds through the Landscape Scale Restoration (LSR) Program. The LSR program provides funding for underserved and small-acreage forest landowners to access emerging private markets - like the voluntary carbon market - for climate mitigation and forest resilience.  

Forests are the U.S.’s largest terrestrial carbon sink, covering more than 750 million acres of land and sequestering 866 million metric tons of carbon dioxide a year, or nearly 16% of the country’s total annual emissions. Nearly 40% of U.S. forests are owned by rural families who have faced barriers to accessing carbon markets that provide annual income to help with land stewardship. The newly opened IRA funds target and help remove these and other barriers. 

“For the first time in U.S. forestry policy history, there is a clear pathway to substantially unlock access to emerging markets for underserved and rural American family forest owners,” said Rita Hite, President and CEO of the American Forest Foundation. “We applaud the Forest Service’s remarkable accomplishment that breaks down barriers to financing forest stewardship efforts for rural landowners, helping them care for their land, and in turn, advance climate mitigation.”   

On the heels of Biden’s climate goals, the IRA funds create options for climate-resilient forestry among non-federal landowners, providing the resources many landowners need to care for their land. By supporting family forest owners' access to private markets, like the voluntary carbon market, this opportunity also unlocks the potential to leverage public-private investments in rural America that support our nation's climate mitigation goals. A key element of the funding focuses specifically on underserved landowners and Tribal communities who have traditionally been left out of past funding opportunities. 

“We are working to build generational wealth and tell the story of Black land ownership,” said Renee Moore Williams, Black landowner and manager of the 154-years-old Moore Family Century Farm in Tennessee. “The challenges we are facing while making this dream a reality include access to resources and the plethora of private and government announcements and regulations to access relevant resources for our heir’s property. I have hope that these NOFA funds will bring the solutions I have dreamed about while on this journey.”  

Please see the Notice of Funding Opportunities (NOFO) for details on eligibility, deadlines, and proposal requirements.   

## 

About The American Forest Foundation 

The American Forest Foundation is a national conservation organization that works with a broad coalition of partners to empower family forest owners to make a meaningful conservation impact around carbon sequestration, wildfire reduction, wildlife habitat, clean water, sustainable wood supplies and support for rural communities.  To learn more about the Family Forest Carbon Program, visit www.familyforestcarbon.org.

CONTACT: Katie Taylor, Communications Manager, media@forestfoundation.org

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order government & public policy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.