Not many people have heard of this but I shall explain what it is to you in this explanation.
It was a $228,000,000,000 bill that was passed into law by the US congress on June 18, 2008. It was a continuation of the farm bill in 2002. There was also a Farm, Nutrition and Bio energy act of 2007 which was obviously the year before this. In late April 2008, congressional negotiators finally reached a deal to reconcile the House and Senate bills. The deal increased spending on food stamps and other food programs while mostly maintaining the current farm subsidies, despite record farm profits.
The Food, Conservation and Energy act helped to expand the Renewable Energy and Energy Efficiency program. It also encouraged the population of biomass crops and helped the commercialisation of Biofuel including cellulosic ethanol. The act in 2008 helped encourage and increase many things that year but also was a continuation of other acts or bills in previous years.
Of course this whole act cost millions or even billions of dollars. Although some countries were against this act that didn’t stop them.
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