New Buckeye Institute Report Finds Net-Zero Climate-Control Policies Fail Farmers & Families

Feb 07, 2024

Columbus, OH – A new report, Net-Zero Climate-Control Policies Will Fail the Farm, released by The Buckeye Institute, found that America’s net-zero climate-control experiment has dire economic consequences for American farmers and families. The report comes just days after a coalition of agricultural commissioners in 12 of America’s leading farm states demanded that the country’s six largest banks come clean on their “involvement in NZBA [the United Nations’ Net-Zero Banking Alliance] and their net-zero goals.”

“Government climate-control policies ensconced in the Paris Climate Accords, the Inflation Reduction Act, and ESG [environmental, social, governance]-guided mandates carry a hefty price tag, especially for U.S. farms and the American consumer,” wrote report authors Trevor W. Lewis and M. Ankith Reddy, who are both economic research analysts at The Buckeye Institute. 

To better appreciate the true costs American farms and households will pay for the Biden administration’s net-zero policies, The Buckeye Institute developed a model farm and found that operational costs rose significantly. Farmers will see costs rise by at least 34 percent.

Carbon pricing also increased the average U.S. grocery bill by $1,330 annually, or 15 percent, making it harder for families to put food on the table. 

Carbon emission-intensive foods like cheese and beef increased by more than 70 percent per pound due to carbon pricing.

The results of The Buckeye Institute’s modeling were predictable and unsurprising, but many U.S. policymakers seem unwilling to address or even acknowledge them. That has to change, or the United States will face dire economic consequences.

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