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Jan. 31, 2022 By Jenna Hoffman, AgWeb.com
Tom Vilsack, USDA Secretary of Agriculture, recently joined Chip Flory on AgriTalk to provide an update on his latest work in farm country in 2022. "Rural Extraction Economy" Vilsack says there is a valuable proposition found in rural places-a concept he has coined rural extraction economy. "We take things like crops and minerals off the land-we extract them. We transport these goods to someplace else where value is added, wealth and jobs are created USDA Secretary Tom Vilsack says materials like crops and minerals are extracted from the land and transported to another location where value, wealth and jobs are created. He says this is part of what he further describes as a circular economy. "Local and regional food systems have the ability to take cattle and hogs that are being produced and, instead of trucking them hundreds of miles to get them processed-allowing a large, multinational company to benefit-we create a farmer-owned cooperative or processing facility that allows producer to profit from not only production, but also processing," says Vilsack. "It's a circular economy that stays in the community." To view the complete report, click here. Tweet |
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