Farmers, take note: Carbon stored in soil could soon become its own commodity crop. That’s the message from developers, corporations, and legislators pushing for new carbon markets specifically tailored to agriculture.
In the first three parts of this series we identified agriculture’s responsibility for greenhouse gas emissions, and some solutions. Another way to lower overall GHG is through viable carbon trading platforms. In effect, farmers who do specific practices would participate in carbon trading markets and get paid to store carbon and build soil health.
Getting paid to sequester carbon with farming practices is now a reality through the CarbonNOW program from Locus Agricultural Solutions. This year’s price for sequestration, established by the Nori carbon marketplace, is $15 per ton. If you already practice no-till, use cover crops and integrate livestock, you could already be sequestering carbon at a rate between a half-ton and a ton and half per acre, per year. Locus Ag works with Nori, a carbon marketplace that uses COMET-Farm, a USDA tool, to validate carbon sequestration and pay growers. Nori, in turn, works with dozens of companies that have expressed a determination to reduce their carbon footprint and are seeking ways to offset the emissions they generate.
After the first round of scoring and video interviews by our 14 judges, 20 green-tech entrepreneurs from 10 countries and regions has joined our YGT 2020 Cohort.
Dr. Paul Zorner, CEO of Locus AG says “'Probiotic’-based agriculture products have proven to be extremely powerful tools for addressing soil health and crop vitality challenges—especially when delivered through our unique cold chain as high-potency, fresh products—and we believe that every grower should have access to their benefits.”
Abbey discusses the future of the carbon market and ecosystem services with Phyllis Van Amburgh, Meri Lillia Mullins, and Paul Zorner.
RFD TV's Market Day Report speaks with CEO, Grant Aldridge on how Locus is donating climate-smart technology to support the efforts of industry during COVID-19 and celebrate the 50th anniversary of Earth Day.