![]() ![]() Growers enrolled in the initiative will receive compensation at a flat rate per acre enrolled in the program. A grower can enroll as little as 10 acres or as many eligible acres in the program as they wish and they are compensated by the acre, not by the estimated amount of carbon sequestered. and Brazil, and move into other parts of the world “with tailored approaches that will allow growers to choose what climate-smart practices and implementation works best for them.” Interested in more coverage and insights? Receive a free month of Agri-Pulse West.īayer plans to expand the program in the U.S. “The company is also collaborating with partners such as Embrapa in Brazil to build a viable carbon market for farmers.” “Bayer will acquire the carbon removals created by those practices at transparent prices,” the company said. and Brazilian farmers receiving help to implement climate-smart agricultural practices. ![]() The initial, 2020-21 season will see U.S. “While today farmers get rewarded solely for their food, feed and fiber production, those participating in the Bayer Carbon Initiative will have the opportunity to be rewarded for their best farm management practices and other sustainability efforts as well.” “Incentivizing farmers to embrace no-till, precision nitrogen use or cover crops helps further sequester carbon into the soil, reduce fossil fuel usage and reduce greenhouse gases,” Bayer said. 18: Vilsack: Debt relief will keep farmers on land When it comes to carbon markets, farmers should have plenty of questions And Democratic Presidential Candidate Joe Biden released an environmental plan that pledges financial assistance to farmers who adopt climate-friendly farming practices.Ĭarbon markets lure farmers, but will benefits be enough to hook them? Daybreak Aug. House Democrats have proposed a bill that includes conservation incentives to keep carbon in the soil. ![]() Syngenta recently announced plans to invest $2 billion in sustainable agriculture by 2025, which includes working toward carbon-neutral agriculture. The company planned to pay farmers $15-20/ton of carbon sequestered for using practices like no-till and planting cover crops. Last year, Indigo launched its Terraton initiative, designed to sequester 1 trillion tons of carbon dioxide from the atmosphere into soils. Government, industry and nongovernmental organizations all have been placing more emphasis in recent years on the use of soil, specifically in agriculture, in the fight against climate change. “If anyone has a vested interest in battling climate change, it’s farmers, and we are committed to developing new business models like this unique Carbon Initiative to help them in that fight.” “Farmers are passionate environmentalists and stewards of the lands they farm,” said Brett Begemann, chief operating officer of Bayer’s Crop Science division. ![]()
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