The Security and Exchange Commission’s (SEC) proposed rule to require climate disclosures by public companies could severely impact family farms and ranches and intensify the already concerning rate of consolidation in agriculture. American Farm Bureau Federation (AFBF) economists discussed potential impacts of “The Enhancement and Standardization of Climate Related Disclosures for Investors” proposed rule in the latest Market Intel. The proposed rule includes extensive requirements for public companies to report on Scope 3 emissions, which are the result of activities from assets not owned or controlled by an organization, but contribute to its value chain. While farmers and ranchers would...
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