Here is a letter I just sent to The Des Moines Register:
Thank you for reporting on the proposed carbon sequestration project by Summit Carbon Solutions. (“Iowa company plans meetings on pipeline” 8/30/21) This company exists only because they will receive tax credits for each ton of carbon sequestered. And the carbon will come from ethanol plants that exist only because of federal and other tax incentives and the force of government which requires the blending of ethanol into gasoline. So taxpayers and consumers are paying for both the creation and disposal of this carbon. What a shame.
The Des Moines Register reported that Secretary of Agriculture, Tom Vilsack, said farmers need a new source of income, and that 90% of farmers don’t make a majority of their income from farming, and that that is a problem. (See link below.)
It is not the government’s job to find new sources of income for farmers. The fact that a large percentage of Iowa‘s farmers have other full-time jobs is not a problem that needs fixing. With the current state of farming mechanization, working a small farm is not a full-time job. We already subsidize farmers by paying 60% of their crop insurance, regardless of size, for doing nothing special or extra. Paying farmers for “carbon sequestration” sounds a lot like paying them for what they already should be doing. What we should do is make good farming practices a requirement in order to receive crop insurance or other subsidies.