by Cassidy Walter (Successful Farming) The partnership will encourage farmers to discover their carbon intensity score now, to prepare for future market opportunities. -- Today Siouxland Energy Cooperative, an ethanol plant near Sioux Center, Iowa, and Continuum Ag, announced a partnership focused on helping farmers zero in on carbon intensity (CI).
“We could not be more excited to work with Siouxland and their farmers to quantify on-farm CI scores and build potential tax credit markets,” says Mitchell Hora, Continuum Ag CEO and founder. “Farmers and biofuel manufacturers are each other's key partner and teaming together to produce low-carbon fuels is an opportunity I’m glad we get to help with.”
Hora says Siouxland Energy is focused on preparing for when the U.S. Department of Treasury reveals the regulations around the 45Z clean fuel production tax credit. The goal is to be able to pay farmers with lower CI scores a premium for their corn because it will count toward lowering the CI score of the ethanol.
That is where Continuum Ag comes in.
“Continuum Ag is going and getting farmers onboarded, so we’re ready when the time comes,” says Hora. The company developed TopSoil.Ag, a software designed to to help farmers figure out and verify the CI score of their bushels. Continuum Ag is exploring a partnership with EcoEngineers as the third-party verifier of the scores.
Last December Continuum Ag announced the “Billion Bushel Challenge,” which will help farmers discover their CI score for $25. So far 160 million bushels have been scored. The company has worked with farmers in over 40 states and 20 countries. Hora says partnering with Siouxland will provide even more incentive to farmers to get involved. READ MORE
Related articles
- Continuum Ag and Siouxland Energy Cooperative Announce Collaboration to Explore 45Z Tax Credits (Continuum Ag)
Excerpt from Continuum Ag: Siouxland Energy Cooperative of Sioux Center, Iowa, and Continuum Ag of Washington, Iowa, are pleased to announce their agreement to provide farmers a path to receive potential premiums associated with Carbon Intensity (CI) Certified Grain. Continuum Ag will provide farmers the certification necessary to participate while Siouxland intends to be a buyer for the certified bushels. The goal is to offer premiums for certified grain and capitalize on the pending 45Z Clean Fuel Production Tax Credits.
“We could not be more excited to work with Siouxland and their farmers to quantify on-farm CI Scores and build potential tax credit markets. Farmers and biofuel manufacturers are each other’s key partner and teaming together to produce low-carbon fuels is an opportunity I’m glad we get to help with,” said CEO & Founder of Continuum Ag, Mitchell Hora.
This exploratory partnership is aimed at encouraging farmers to educate themselves, quantify their baseline CI Scores at TopSoil.Ag, and spread awareness of the potential opportunities ahead.
“Siouxland Energy Cooperative is happy to pursue a journey forward with Continuum Ag and bring our farmers to the table to help us capitalize on the pending 45Z opportunity. This is an incredible opportunity for American biofuels and we believe this collaboration can be instrumental as we look to farmers to help us meet our low carbon goals,” said Tom Edwards, Grain Merchandiser for Siouxland Energy. Learn more about SEC at www.siouxlandenergy.com or view a short video at https://vimeo.com/882261395.
If you are a farmer and you are ready to find out your CI Score, visit the Billion Bushel Challenge to get a code for 95% off the purchase of your CI Score!
If you want to learn more about 45z Tax Credits or how you can benefit, click here.
Siouxland Area Farmers:
If you are in the Siouxland Area and are interested in being part of this project visit TopSoil.Ag, complete your farm profile and use code SEC95 at checkout. READ MORE
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