New Markets Tax Credit Program (NMTC Program)

Capital Magnet Fund (CMF) is sponsored by U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The Capital Magnet Fund provides competitively awarded grants to Community Development Financial Institutions (CDFIs) and qualified nonprofit housing organizations. These funds can support affordable housing, economic development, and community service facilities.

Boosting agrobiodiversity for food security and sustainable competitiveness is sponsored by European Commission — Horizon Europe. Expected Outcome: Project results are expected to contribute to all of the following expected outcomes: land managers, farmers, foresters, agri-businesses (including SMEs), and policy makers gain access to practical knowledge of clear demonstrations of benefits and trade-offs associated with biologically diversifying their agroecosystem; farmers, land managers and foresters are incentivised and rewarded for implementing practices that improve agrobiodiversity, leading to higher incomes and long-term sustainability and resilience of agriculture, greater food security, competitiveness, and healthier ecosystems; enhanced capabilities for farmers to store, process, and market their diverse raw materials and products, derived from greater agrobiodiversity, while improving their market access and strengthening their position within the value chain. Scope: Genetic erosion poses a significant threat to agricultural resilience, as genetic diversity is crucial for crops to withstand environmental stresses such as climate variations, pests, and diseases. As the global population grows, the demand for increased food production often drives large-scale agriculture, which compromises biodiversity and long-term productivity. While promoting and expanding agrobiodiversity enhances agricultural resilience, socio-economic obstacles hinder broader adoption. Beyond highlighting the importance of conserving agricultural biodiversity for food security, it is essential to demonstrate its role in enhancing food production, increasing farmers' incomes, and safeguarding livelihoods against environmental challenges. A significant obstacle to a wider adoption of more diversified production systems, is perceived risk in that process, in terms of yield, (marginal) income, lack of demand, stable and sufficient pricing, and potential increase of pests. Proposals should: quantify the contribution of agrobiodiversity (including soil microorganisms), mainly at parcel/farm level, considering both species abundance and composition, and its economic impact, in particular in regard to food security, such as yield stability, nutritional quality, nutrient cycling and resilience to pests and diseases; develop solutions and strategies to scale successful agrobiodiversity practices tailored to local, regional and national levels to strengthen farmers’ financial position in adopting more diversified production systems; test how instruments for mobilising private finance, such as nature credits, could enhance the competitiveness of farmers, foresters and other land managers, including by opening up new opportunities of income; build on and develop a decision support tool analysing the risk of diversifying production systems, in terms of yield, marketability, pricing, pests and diseases, hazard assessment of adverse organisms, genes and chemicals, and more, to assist farmers, breeders and agribusinesses in farm diversification; provide recommendation for farmers, breeders, agricultural organizations, and agribusinesses for risk mitigation in adoption of wider varieties and marketability of non-conventional crops and local breeds produced in lower volumes ; define and evaluate the costs of farm diversification, in terms of labour and management complexity, and explore how these may be offset via lower costs of external inputs. Identify behavioural determinants in different socio-economic and cultural contexts to adoption of biodiversity friendly practices; explore pathways for the valorisation of products, including tailored food processing and storage, relevant risk assessments for new methods/varieties, and strengthened collaboration with food industries. The projects under this topic are relevant to the EU policies related to the EU Vision for Agriculture and Food, the biodiversity strategy for 2030, the EU Action Plan for the Development of Organic Production [1] , the Nature Credits Roadmap [2] , and the EU Nature Restoration Regulation. The Joint Research Centre (JRC) Programme areas: Horizon Europe (HORIZON), Global Challenges and European Industrial Competitiveness, Food, Bioeconomy Natural Resources, Agriculture and Environment, Agriculture, Forestry and Rural Areas Keywords: Agricultural economics, Agrobiodiversity, Agronomy, Biodiversity conservation, Environmental sciences, Other agricultural sciences, Agriculture, Biodiversity, Climate, Competitive, Ecosystem services, Food security, Genetic diversity, International cooperation, Organic, Sustainable competitiveness

Balancing food security, bioeconomy, climate and biodiversity objectives to unlock sustainable value chains is sponsored by European Commission — Horizon Europe. Expected Outcome: Project results are expected to contribute to all of the following expected outcomes: decision-makers have improved understanding of the impacts of bioeconomy and nature markets on the sustainability of the agricultural sector, food security, climate and biodiversity, as well as on land-use conflicts; society benefits from economic activities that align bioeconomy, climate and biodiversity objectives while safeguarding food security; farmers gain opportunities to diversify their production, their income and improve the environmental performance of agricultural production without compromising food supply; policymakers are better equipped to develop more effective, evidence-based agricultural and environmental policies. Scope: As the bioeconomy and nature markets gain importance, enabling diversification of value streams for farmers, policymakers must ensure that the growing use of agricultural biomass and agricultural land for non-food purposes (e.g., for the development of novel bio-based chemicals, compounds, materials, products and services, energy production, environmental services provision, carbon and biodiversity credits) does not compromise food security. For the purpose of this topic, nature markets encompass market mechanisms (e.g., nature credits as proposed in the Nature Credits Roadmap [1] , carbon credits, market-based payments for environmental services) mobilising private finance to create income streams for primary producers in return for undertaking actions supporting well-functioning ecosystem services (e.g., water quality and availability, biodiversity, climate). Strategies are needed to balance market incentives, safeguard food supply and the environment, and support farmers in diversifying incomes through sustainable business models and value chains. Successful proposals should support the EU Vision for Agriculture and Food, the Common Agricultural Policy, the new EU bioeconomy strategy, the Carbon Removals and Carbon Farming (CRCF) Regulation and the climate and biodiversity objectives of the European Green Deal. Proposals should: explore natural capital accounting methods integrating economics and nature into agricultural accounts, and their potential to support economic valuation, pricing and integration in decision-making of environmental services provided by farmers; analyse existing and develop new innovative business models and value chains from which farmers can derive fair value and new income beyond food and feed production. This work should include, among others, an assessment of their potential to integrate sustainable practices, enhance farm profitability and performance, and support the transition to a circular bio-based economy and the green transition, as well as an assessment of the market operators involved; when conducting the research/assessment, consider the potential of biomass residues and secondary biomass streams, including waste, as well as low value, unused or underutilised biomass, and land areas; conduct interdisciplinary research from farm to macro levels, encompassing economic, social, biodiversity and climate impacts, and provide analytical tools in particular assessing implications for: farmers' income, decision-making and farm management including of its natural capital ; biomass supply and demand and threshold effects of market prices on production choices; land-use conflicts and food security risks (covering the availability, accessibility, utilisation and stability dimensions), considering leakage effects and other potential conflicts of use (e.g. water); provide recommendations for the design of policies and sustainable business models and value chains. The recommendations should anticipate trade-offs and align bioeconomy, climate and biodiversity goals while safeguarding food security and ensuring that farmers can diversify and receive fair incomes. They should also respond to evolving consumer demand. Proposals should ensure complementarities with o Programme areas: Horizon Europe (HORIZON), Global Challenges and European Industrial Competitiveness, Food, Bioeconomy Natural Resources, Agriculture and Environment, Bio-based Innovation Systems in the EU Bioeconomy Keywords: Accounting, Agricultural economics, Bioeconomy, Business models, Natural resources and environmental economics, Nature, circular bio-based economy, farm income diversification, food security, natural capital