Rural Forest Markets Act to Support Small Forest Owners
With a goal of assisting small forest landowners in new carbon-friendly economic opportunities, the bipartisan Rural Forests Markets Act was recently introduced by by U.S. Senators Debbie Stabenow (D-Mich.), Ranking Member of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, and Mike Braun (R-Ind.), also a member of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
This act would establish an investment program that will offer a federal loan guarantee up to $150 million to cover upfront costs for developing small-scale forest carbon projects. This bill is supported by several non-governmental organizations and associations.
For more information on the introduced act, check out the fact sheet from U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
If you are interested in the potential of forest carbon offset markets, take a look at our publication in Eastern Forestry Notes for an introduction to them.