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.
Link to Register article: https://www.desmoinesregister.com/story/money/agriculture/2021/02/27/tom-vilsack-us-agriculture-secretary-iowa-farmers-fight-climate-change-find-new-income-joe-biden/6832688002/