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Thursday, February 15, 2024

Report: Farm, Food Prices Rise Under Net-Zero Climate Rules

Farms and families will pay significantly more under the Biden administration’s net-zero climate policies, a new report from an Ohio-based policy group says.

The Buckeye Institute’s Net-Zero Climate-Control Policies Will Fail the Farm shows farmers will see a 34% rise in operational costs under the policies and family grocery bills will increase 15% based on modeling.

“Federal policymakers are pursuing expensive climate-control and emissions policies that have largely failed in Europe – and the American farm and household will be required to pay for them,” report authors Trevor W. Lewis and M. Ankith Reddy, both economic research analysts at The Buckeye Institute, said.