Truterra, LLC, the sustainability business of Land O’Lakes, Inc., one of America’s largest farmer-owned cooperatives, today announced the opening of an additional one-month sign-up period for its 2022 carbon program.
Truterra enrolled an initial cohort of farmers beginning in December 2021 and is looking to drive additional supply through this second enrollment opportunity to meet buyer demand. After successful verification, farmers can earn up to $25 per ton upfront for new carbon stored in soils.
The 2022 Truterra carbon program follows its 2021 program, which payed about= $4 million to participating farmers, who sequestered over 200,000 metric tons of carbon. Truterra offers farmers greater earning potential by paying based on results – actual carbon stored – rather than a set payment per acre.
Farmers are paid in full after successful verification and Truterra covers all soil sampling and verification costs, including one-on-one data collection support to save time and ensure farmers can stay focused on their operations.
The Truterra carbon program is delivered through their agricultural retail network of agronomy advisors, including 50 participant retailers in 17 states. The network is part of the larger Land O’Lakes’ ag retail network of 900 retail owners.
The full footprint of Land O’Lakes, Inc., including WinField United’s agronomic leadership, aims to help customers meet their sustainability commitments and provide new market opportunities for the cooperative system.
The Truterra carbon program offers an opportunity for companies and other organizations to support farmers and impact soil health systems across millions of acres. Truterra recently announced it would be continuing its relationship with Microsoft as a buyer of carbon dioxide removals in 2022 and 2023, in addition to its purchases through Truterra’s 2021 program.