Decarbonization Plans The incoming Biden Administration promises aggressive action to address climate change, which has the rapt attention of U.S. agriculture. On the one hand, the sector is expecting more carrots (subsidies) to employ conservation practices such as utilizing cover crops and expanding no-till. There is interest in receiving compensation for its role in sinking carbon, but a lot of uncertainty over where such a policy will lead. Will receipts for sinking carbon be offset by penalties for emitting it via fertilizer, fuel, and other inputs implicit with intensive agriculture?   Meanwhile, trade policy experts are attentive to any plans for using trade to achieve climate goals. The EU’s “Fit for 55&rdquo...