carbon markets

Several programs exist to pay farmers for storing soil carbon, but a lack of standards has so far held back the burgeoning farm carbon credit sector, says a new report from the Environmental Defense Fund (EDF). The Department of Agriculture should play a role in collecting data and building …

Producing environmental benefits will become an important enterprise for American farmers, giving them the ability to monetize their response to climate change and other environmental challenges. But as these new enterprises get going, farmers, agribusiness professionals, researchers, policymakers, and rural leaders need to ask how these solutions can be created by farmers — not just be something that happens to farmers.  (No paywall)

The relative handful of farmers who have signed carbon sequestration contracts is half the size of the group that has leased land for solar electricity production, said Purdue University on Tuesday. Solar leases, which may exceed $1,000 an acre annually, are more lucrative than the rates offered for carbon capture.

Senate Agriculture chairwoman Debbie Stabenow was certain on Thursday that the House would follow the Senate in passing the first-ever climate mitigation bill for agriculture. Under the bill, the USDA would help farmers enter the carbon market, touted as the private enterprise way to earn money while combating climate change.

By deploying clean technology, the United States can reduce its greenhouse gas emissions 50 percent by the end of this decade, said President Biden at an Earth Day summit intended to spark global action on climate change. "That's where we're headed as a nation, and that's what we can do if we take action to build an economy that's not only more prosperous but healthier, fairer, and cleaner for the planet."

The new era of climate mitigation on the farm would look like a beefed-up version of longstanding USDA conservation programs, augmented by a carbon bank that sets a floor price for carbon sequestration and reductions in greenhouse gas emissions, said leaders of the Food and Agriculture Climate Alliance on Wednesday.

The incoming chair of the Senate Agriculture Committee said she will pursue "voluntary, producer-led" solutions, such as carbon markets, for agriculture's contribution to fighting climate change, with the USDA providing expert advice to producers. Sen. Debbie Stabenow also said the USDA could need additional funding to pay for climate change programs.

Before signing an executive order on fighting climate change, President Biden said on Wednesday that mitigation efforts would include net-zero emissions of greenhouse gases by the agricultural sector, now responsible for 10 percent of U.S. emissions. "We see farmers making American agriculture first in the world to achieve net-zero emissions and gaining new sources of income in the process," said Biden without suggesting how.

The farm economy, battered since 2018 by a trade war and a pandemic, is rallying, though it is too early to declare a return to prosperity, said the president of the largest U.S. farm organization on Thursday, reserving judgment on whether more stopgap federal aid will be needed.

Michigan Sen. Debbie Stabenow, who last year sponsored legislation to encourage farmer participation in carbon markets, is expected to chair the Senate Agriculture Committee for the second time in a decade now that the Democrats will control the Senate. Stabenow's return to power was aided by the defeat of a fellow committee member, appointed Georgia Sen. Kelly Loeffler, in a runoff election on Tuesday.

Farmers could combine environmental and economic sustainability through practices that lock carbon into the soil, but it's dauntingly difficult to enter the carbon sequestration market and get paid for it, said the leaders of the two largest U.S. farm groups on Wednesday.

Agriculture can be “one of the most promising and biggest solutions to the climate crisis” if carbon sequestration and regenerative practices are implemented, former vice president Al Gore said on Wednesday at the annual Foundation for Food and Agriculture Research conference in Washington, D.C.(No paywall)

Agriculture Secretary Sonny Perdue expressed support for carbon markets for farmers during a meeting, Rep. Chellie Pingree said on Monday. An upcoming agriculture appropriations bill will likely include language that urges USDA to research the possibility of such markets, added the Maine …