Carbon
Farmers in 17 states who have used no-till, strip till and cover crops in the past nine years could be eligible to benefit.
The company will work with farmers and their existing, trusted advisors to implement the program.
Carbon Contract Reality: Why Conservation-Minded Farmers May Not Qualify for Private Carbon Programs
The chase to capture carbon continues. It’s a possible new source of income for farmers and ranchers, but it’s also bringing a set of challenges and questions. The answer could be both public and private programs.
One industry expert says large retailers are cashing in on RINs, and consumers should see benefits at the pumps as a result.
Canada’s Nutrien Ltd, the world’s largest fertilizer producer by capacity, said on Thursday it aimed to cut greenhouse gas emissions by at least 30% by 2030, in a plan costing the company up to $700 million.
The program will be introduced initially to row-crop farmers in Illinois, Indiana and Iowa.
The latest Ag Economy Barometer found between 30% and 40% of those surveyed say they are aware of opportunities to get paid for sequestering carbon. Yet, to date, only a small group has actually engaged in discussions.
The Biden administration has ambitious climate mitigation goals and agriculture has been called upon to be a strong partner.
President Biden’s $3 trillion infrastructure is expected to include a large focus on climate. The sudden switch in policy focus isn’t just occurring in the U.S, it’s also a large focus in Canada.
There is considerable diversity in the carbon opportunities available today, and not all incentives have to come in the form of a formal credit with a long list of associated stipulations.