The Department of Energy has scrapped a nearly $5 billion loan program for the Grain Belt Express, a nearly 600-mile-long electric line for wind & solar projects out of the Midwest.
The Department says it was a project “rushed out the door” in the final days of the Biden Administration. It also says the conditions necessary to issue the $4.9 billion loan are unlikely to be met, and it is not critical for the federal government to play a role in the project.
The Grain Belt Express was intended to connect wind and solar facilities across Kansas and Missouri. Senator Josh Hawley previously said the 600-mile project would put farmers in danger of losing land.
Related Stories
Spring Fieldwork Expands Amid Mixed Weather Nationwide
TYM North America unveiled two new Series 5 tractor models at the National Farm Machinery Show and announced an exciting new partnership for the NASCAR Craftsman Truck Series.
House ag leaders had hoped to get the Farm Bill voted on by Easter, but no dates have been secured just yet.
Lower production is tightening honey supplies across markets.
