WILMINGTON, DEL. — Corteva Agriscience announced the creation of a new Carbon and Ecosystems Services portfolio to develop innovative products and services. The initial offering will enable the carbon sequestration process, ease access to carbon credits and create flexible solutions to help farmers increase profitability while contributing to a climate change solution.
Additionally, Corteva has created the 2021 Climate Positive Leaders Program, which will recognize “early adopter” farmers and ranchers who have successfully implemented climate positive agriculture practices. These efforts support Corteva’s 2030 Sustainability Goals and are key components of the company’s Climate Positive Commitment.
Anne Alonzo, Senior Vice President, External Affairs and Chief Sustainability Officer, Corteva Agriscience, says, “We recognize the urgency of addressing climate change to ensure farmers will be able to produce a healthy food supply for generations to come. There is increased understanding that sustainable climate change mitigation is not only critical for our environment but also for ensuring the ongoing health of the farming sector globally.”
Carbon and Ecosystems Services Portfolio
Corteva’s new Carbon and Ecosystem Services portfolio, part of Corteva’s Digital Business Platform, will provide farmers simple and clear access to incentives and initiatives related to sustainable and regenerative agriculture practices.
Corteva’s integrated approach with agronomy support, digital solutions, carbon advisory services and access to carbon markets will help farmers make impactful and sustainable changes that return economic and environmental benefits. Dedicated Corteva Carbon Specialists will work with farmers and industry collaborators across the food and agriculture system to uncover carbon market opportunities. The initiative builds on Corteva’s strong history of putting farmers first, as illustrated by the company’s facilitation of the first modern carbon payout in 2019 to a farmer for adopting regenerative practices and capturing carbon credits.
The introductory launch of Corteva’s Carbon Initiative will be targeted to row crop farmers in Illinois, Indiana and Iowa this year, with the intent to expand to new geographies and crops for the 2022 growing season.
Corteva’s differentiated approach for farmers with the initial program includes:
- Providing farmers with access to new markets through a simple, flexible way to sell carbon credits for a fair price on the farmer’s terms.
- Allowing farmers to typically earn an estimated $5-$20/acre/year by introducing cover crops and/or reducing tillage with the assistance of their Corteva advisor.
- Third-party verification by the leading independent marketplace provider, Ecosystem Services Marketplace Consortium (ESMC), a non-profit consortium that works to compensate producers who improve the environment through their agricultural practices.
- Offering flexibility for farmers to work with other carbon credit buyers in the future. After the initial period, farmers can continue with Corteva Agriscience or opt to sell new credits to their preferred buyer across the ESMC marketplace.
Additionally, Corteva is uniquely positioned to deliver trusted carbon assets to buyers who are looking to fulfill their sustainability commitments with the assurance of driving scalable, science-based outcomes.
“Carbon programs provide an opportunity to help farmers move into practices that have both financial and environmental benefit. We take pride in the clear water coming off our fields but also know that these practices have to pay,” said Tom Anson and Ben Singleton of AMS Farms in Monroe City, Indiana. “Historically, we’ve tried to do what’s right environmentally and agronomically on our operation. As we pick up new acres and implement these practices, we’re excited to enroll them with Corteva Agriscience because of the trust we have and the revenue this will generate. Our goal is to work with Corteva Agriscience to help us move faster with confidence into the carbon market while building healthier soils on our operation.”
Farmers interested in gaining access to new carbon market opportunities can learn more here.