Think-Tank Warns of Potential Threat to Food Supply due to Biden’s Climate and ESG Policies

A recent report from The Buckeye Institute, a right-leaning think-tank, has raised concerns about the potential threat to the food supply due to President Biden’s climate and ESG (environmental, social, and governance) policies. The report highlights the inflated costs of food production as a result of the administration’s net-zero climate-control policies, which could lead to shortages and high grocery prices.

The report, authored by Trevor W. Lewis and M. Ankith Reddy, both economic research analysts at The Buckeye Institute, outlines the impact of the government’s carbon emission rules on a model corn farm. The researchers found that operational costs for U.S. farmers are estimated to rise by 34% due to these policies. Additionally, consumers are likely to face higher grocery bills, with an estimated increase of $110 per month or $1,330 annually.

The Buckeye report also examines the implications of rejoining the Paris Climate Accords, which aim to reduce greenhouse gas emissions. To achieve the accord’s objectives, the Biden administration has committed to cutting America’s emissions by 50-52% by 2030 and achieving economy-wide net-zero emissions by 2050. However, the report argues that such aggressive climate-emission reduction policies will have detrimental effects on food and energy supplies without achieving their intended benefits.

The researchers point to the European experience with similar policies, which they describe as an “unmitigated failure.” Despite these warnings, U.S. policymakers have committed to the same net-zero emissions standards and costly mandates without acknowledging the potential consequences. The report concludes that the United States will face dire economic consequences unless policymakers address these issues.

Will Hild, executive director of Consumers’ Research, supports the findings of the report. He emphasizes that the increasing costs imposed by climate and ESG policies place a heavy financial burden on agricultural producers and lead to higher food costs for Americans. He criticizes the impact of these policies on farmers’ livelihoods and the American people’s access to affordable groceries.

The Buckeye report follows a letter from a dozen Republican state agriculture commissioners to top bank executives, warning that membership in the UN Net-Zero Banking Alliance would negatively affect farmers and threaten food security. The banks, including JPMorgan Chase and Bank of America, have pledged that their loans will align with pathways to net-zero emissions. However, the commissioners argue that committing to net-zero policies has negative implications for national security, as agriculture is integral to a nation’s ability to feed itself.

The concerns raised in the report are also explored in a recent documentary called “No Farmers No Food: Will You Eat the Bugs?” The film delves into the impact of climate-control policies on farmers around the world and their potential threat to food supply. It discusses the history of the “climate crisis” and its connection to global policies set forth by the United Nations. The documentary suggests that these policies aim to end private farming and create dependence on a one-world government controlling the world’s food supply.

In conclusion, The Buckeye Institute’s report highlights the potential risks to the food supply due to President Biden’s climate and ESG policies. Rising operational costs for farmers and increased grocery prices for consumers are likely outcomes of these policies. The report urges policymakers to address these issues to avoid dire economic consequences. The concerns raised in the report are further explored in the documentary “No Farmers No Food: Will You Eat the Bugs?” which argues that global climate policies could lead to a loss of food security and increased dependence on a centralized authority.