The U.S. Department of Agriculture’s Forest Service is making $190 million available to help private forest landowners adapt to and mitigate the impacts of climate change and retain working forestlands.
Of the total, $140 million is available to support state-endorsed cost-share programs for landowners. Cost-share payments lower the financial barriers for landowners to adapt to climate change by making forests more resilient to changing climate conditions, and to store more carbon on the landscape. For example, a landowner may decide to work with states and non-profits to strategically thin their private forestland, removing small-diameter trees that compete for scarce resources, allowing large trees to grow larger and sequester more carbon.
Additionally, $50 million is available to programs that issue payments directly to landowners to adopt practices that increase carbon sequestration and storage of their forests. Forest management impacts the amount of carbon stored and sequestered, and this funding opportunity incentivizes carbon stewardship. Among other things, payments to landowners also provide financial incentive to maintain their land as forests rather than convert it to other uses. Eligible applicants include state forestry agencies or their equivalents and nonprofit organizations.
Privately owned forests and private forest landowners are key to tackling the climate crisis. Private landowners manage more than 60% of forests in the United States; in Maine, they manage more than 90% of all forests. These vast swaths of privately managed forests are key to the carbon cycle and are an important climate solution, absorbing vast quantities of carbon and storing it for decades.
The Forest Service is committed to supporting landowners as they manage their forests in a changing climate. In addition to these investments, the agency recently announced $145 million from the Inflation Reduction Act for projects that connect private forest landowners with emerging climate markets.
