In Purdue University's January 2024 Ag Economy Barometer Report, 8% of respondents said they have discussed carbon capture and carbon contracts with a company.
Carbon is like water and oxygen. Without it, there’s no life,” says Jerry Hatfield, a retired laboratory director for the Department of Agriculture’s Agricultural Research Service.
The USDA describes soil carbon farming as “the use of specific on-farm practices designed to take carbon out of the air and store it in soils and plant material.”
By adopting certain agriculture practices like no-till, farmers can not only help protect the environment and reduce operating costs, but also create a new income stream by selling carbon offset credits on a carbon market.
Locus AG recently hosted a digital demonstration, Get Confident in Carbon, with No-Till Farmer. Shane Head, director of customer success at Locus AG, and Mark Hill and Chris Lidgett, both directors of sales at the company, outlined details of the CarbonNOW program that pays farmers for sequestering carbon.
No-till wasn’t the solution, at least, not the first one they tried, nor the most obvious. When Dwayne Beck and a few other growers gathered in western South Dakota in the 1970s, they were trying to solve a problem.
In Europe, the carbon market overseen by the EU generated €57 billion ($59 billion) in revenue over the past 8 years, and prices paid to farmers are flirting with $100 per metric ton.
Get full access NOW to the most comprehensive, powerful and easy-to-use online resource for no-tillage practices. Just one good idea will pay for your subscription hundreds of times over.
Steve Wilkens, agronomy manager at Golden Harvest and Wisconsin no-tiller, and Steve Sterchi, global head of strategy at Syngenta and southern Illinois farmer, share their predictions for the 2024 growing season and advice for no-tillers who may be in for a season of extremes.
Needham Ag understands the role of technology in making better use of limited resources within a specific environment by drawing on a wealth of global experience to overcome the challenges facing today's farmers, manufacturers and dealers.
The Andersons grows enduring relationships through extraordinary service, a deep knowledge of the market, and a knack for finding new ways to add value as we have done for nearly 70 years.