The Nebraska Natural Resources Conservation Service (NRCS) held its State Technical Committee Meeting on September 1, 2024, focusing on the implementation of the Inflation Reduction Act (IRA) and its impact on conservation funding. The IRA does not introduce new programs but significantly increases funding for existing initiatives aimed at climate mitigation.
In 2023, Nebraska allocated $4.7 million to the Conservation Stewardship Program (CSP) and $2.4 million to the Environmental Quality Incentives Program (EQIP) using IRA funds. For 2024, these figures have surged to $14.8 million for CSP and $29 million for EQIP, marking a substantial increase in available resources for conservation contracts.
The meeting highlighted the importance of reducing greenhouse gas emissions and enhancing carbon storage in soil. A list of practices to achieve these goals was updated for 2024, with tree and shrub establishment being a key focus. Additional practices, such as site preparation and irrigation, are also supported as they facilitate core activities.
As of the meeting date, Nebraska had obligated nearly $29 million into 662 EQIP contracts and fully utilized its CSP funds across 156 contracts. The committee discussed policy modifications to enhance flexibility and payment rates, ensuring effective use of the increased funding.
Looking ahead, the committee set a ranking cutoff date of November 15 for new applications to CSP and EQIP, allowing producers to apply continuously. The meeting also reviewed the allocation of funds for various initiatives, including wildlife habitat and disaster recovery efforts, particularly in areas affected by wildfires.
Overall, the meeting underscored the NRCS's commitment to leveraging IRA funds to support conservation efforts across Nebraska, with a focus on sustainable practices that benefit both the environment and local producers.