Ag Carbon Markets and U.S. Farmers: A Preview Summary

June 15, 2022

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(Trust in Food) As a prelude to Trust In Food’s forthcoming Carbon Report, this preview details warning signs for the carbon ecosystem and why farmers have been hesitant to join carbon markets. Learn how farmers evaluate carbon programs, how data adoption trends could inhibit participation, and key points to consider moving forward. READ MORE Download preview summary

Nori integrates with FarmLogs Powered By Bushel to help more farmers monetize their soil carbon -- Simplifying the process of enrolling in carbon markets (Medium/Nori/FarmLogs)

Farmer Sentiment Improves But Producers Still Concerned About Rising Costs and Inflation (Purdue University Ag Economy Barometer)

READY OR NOT? Ag Carbon Markets and U.S. Farmers (Trust in Food)

Excerpt from Purdue University Ag Economy Barometer: To understand producers’ exposure to and experiences with companies offering payments for capturing carbon, this month’s survey asked respondents if they’ve engaged in these types of discussions and the payments being offered. In August, 9% of respondents said they have engaged in discussions with companies offering payments for carbon capture, the highest percentage of respondents since the question was first included in the survey. Of those who engaged in discussions, 75% said the payment rate per metric ton of carbon offered was less than $20, and just 1% said they have signed a carbon contract. Respondents who engaged in discussions and chose not to sign a contract were asked the minimum payment per acre they would accept to enroll their farm in a carbon capture program. Two-thirds of those respondents said the payment rate needed to be at least $30 per acre, suggesting that payment rates need to rise to encourage more participation in carbon capture programs. READ MORE