Loan guarantees proposed to help foresters into carbon markets

A new Senate bill would offer up to $150 million in loan guarantees to companies and nonprofit groups that help small and family-size foresters adopt climate-smart practices and sell carbon credits.

At dawn of carbon markets, farmers get up to $20 per acre

A small fraction of U.S. farmers who have pursued contracts for capturing carbon in the soil – an incentive for climate mitigation – say the going rate is $20 an acre or less, said Purdue University on Tuesday. Companies that sell carbon credits to companies trying to offset their greenhouse gas emissions say the market is still in its infancy and prices will become more robust as demand rises.

Senator suggests building climate mitigation on USDA conservation programs

The government should use USDA conservation programs as the starting point for climate mitigation on the farm and "tread lightly" with unproven ideas like a carbon bank, said the senior Republican on the Senate Agriculture Committee on Tuesday. Arkansas Sen. John Boozman cautioned that climate-smart practices may be too expensive for some producers to adopt.

Vilsack says a carbon bank fits into USDA’s portfolio

The USDA has the authority to create a so-called carbon bank to encourage climate mitigation on the farm, said Agriculture Secretary Tom Vilsack on Monday, but he is waiting for farmers’ ideas on how the bank should operate. Speaking at a farm conference, Vilsack said he was open to an increase …

Land O’Lakes, Microsoft in carbon credit program

Truterra, a subsidiary of farmer-owned Land O'Lakes, launched a carbon credit program on Thursday in which Microsoft, its first buyer, will pay $20 per ton for carbon sequestered in the soil. The program "will help farmers generate and sell carbon credits to private sector buyers," said the company.

Agriculture is ready for climate mitigation, says Vilsack

Tom Vilsack, nominated for agriculture secretary in the Biden administration, said he will rapidly ramp up USDA programs to combat climate change and that he believes farmers will be enthusiastic at the opportunity to make money by sequestering carbon in the soil. “Agriculture writ large is …

Alliance including farm groups seeks tax credits to fight climate change

The government would create a range of tax credits to encourage carbon sequestration in the soil and forests, deploy “digesters” nationwide to convert manure into energy, and work more aggressively to reduce food waste if it follows the recommendations of farm, conservation and food retail …

Wetland banks for farmers to get USDA boost

Landowners will gain a chance to be paid for wetlands preservation under a USDA project to create at least nine wetland mitigation banks, said Agriculture Secretary Tom Vilsack. USDA will put $9 million into the project to help states, local governments and other sponsors set up wetland mitigation banks to restore, create or enhance wetlands. The banks would compensate farmers for conservation projects that offset losses of wetlands on other farms. The federal government has a goal of no net loss of wetlands.

USDA offers $20 million to aid new markets for carbon credits

Up to $20 million is available in grants to "facilitate the creation of new, innovative markets for carbon credits," USDA announced. It says carbon markets provide additional revenue sources for producers who practice soil and water conservation.

GM unit buys 40,000 tons of carbon credits from ranch lands

The Chevrolet division of General Motors purchased credits for a 40,000 ton reduction in carbon dioxide emissions from ranchland in the "prairie pothole" region of North Dakota.