"Farmers were reluctant when fertilizer was first proposed ... or seed technology ... but they embraced the technology, and the result is agriculture production that is the envy of the world," [U.S. Secretary of Agriculture Tom] Vilsack said. "I understand the concern in farm country, but if [Cap and Trade] is done properly, it is going to ultimately, in the long term, the short term and the medium term, it is going to be a benefit to farmers."
The issues are simple. Cap and Trade doesn't cover agriculture, but farmers are worried that Cap and Trade in the energy sectors will result in higher energy prices, higher fertilizer prices and ultimately lower profits. The USDA agrees: