Ag News: BBB for California Water Projects & Nat’l Ag Day

**California water projects stand to benefit from the federal Infrastructure Investment and Jobs Act recently passed in Congress and signed by President Biden.

The package includes $8.3 billion for water storage and conveyance projects in the drought-parched West.

California projects that could get funding include the planned Sites Reservoir near Sacramento and the Friant-Kern Canal, a critical Central Valley water delivery network in need of upgrades.

**USDA’s Economic Research Service updated farm sector profit projections, which are expected to increase in 2021.

ERS forecasts inflation-adjusted net cash farm income, which is gross cash income minus cash expenses, to increase $12.6 billion to $133 billion.

U.S. net farm income is forecast to increase by $18.4 billion to $116.8 billion.

Net farm income is a broader measure of farm sector profitability that incorporates noncash items, including changes in inventories, economic depreciation, and gross rental income.

**The Agriculture Council of America announced National Agriculture Day on March 22, 2022.

This will mark the 49th anniversary of National Ag Day, which is celebrated in classrooms and communities across the country.

The theme for National Ag Day 2022 is "Growing a Climate for Tomorrow."

ACA will host a virtual Ag Day event and other events in Washington, DC.

Learn more online at www.agday.org.