What are carbon credits for farmers?
The credits are financial instruments generated by projects that reduce or avoid the release of greenhouse gases, such as solar farms or tree-plantings. The projects' owners can sell the credits to companies who then use them to make claims of offsetting the climate impact of their operations.
Can farmers get paid for carbon credits?
A limited number of farms also can earn offsets that they can sell to companies that need to offset their emissions, which is the goal of ag carbon markets. The California program works by imposing limits on refiners, power plants and other emitters, requiring them to buy allowances for their emissions.
How much can you make from carbon farming?
“A 1000-hectare wheat farm that's sequestering three tonnes per hectare per annum is going to be making 3000 carbon credits a year,” Mr Wood said. “At $20 a tonne, that's $60,000 that will pay for the cost of managing that project and create an income stream to the landholder.”
What is Indigoag?
Indigo Agriculture is a Boston, Massachusetts-based agricultural technology company that works with plant microbes, aiming to improve yields of cotton, wheat, corn, soybeans, and rice. The company also offers crop storage and other logistics programs for farmers.