Event: Market-Based Solutions for the U.S. Agriculture Sector
From R Street Institute:
Moderator] Caroline Kitchens, Director of Government Affairs, R Street Institute
Clark Packard, Resident Fellow and Trade Policy Counsel, R Street Institute
Philip Rossetti, Resident Senior Fellow, R Street Institute
R Street has long supported pragmatic efforts to curb carbon emissions and pare back the agricultural safety net in a way that improves environmental outcomes; minimizes crony capitalism; cuts costs for taxpayers; and expands foreign market access for agricultural producers. Over the next several years, policymakers will have the opportunity to address these concerns in productive ways.
In the coming days, R Street will release two policy papers regarding the intersection of climate change, agriculture and international trade. The first paper, “Harvesting Another Trade War: Ad Hoc Farm Subsidies and Our WTO Commitments,” examines the Trump administration’s ad hoc trade-war bailout subsidies and COVID-19 payments and whether they comply with U.S. obligations under World Trade Organization rules.
The paper then makes concrete recommendations to expand international trade so that American producers can better reach the approximately 95 percent of global consumers living outside the United States. In another paper, R Street analyzes the potential benefits of utilizing carbon markets to offset emissions from difficult-to-abate sectors like aviation. With this approach, there is the potential for hundreds of billions of dollars of savings compared to centrally-planned emission mandates.