Truterra’s inaugural carbon program launched in February 2021 made more than $4 million in payments to participating farmers, who sequestered over 200,000 metric tons of carbon. The 2021 Truterra carbon offering delivered an average payment per participating farmer of $20,000.
"We have seen strong interest from farmers,” says Jason Weller, President of Truterra. “They see the Truterra carbon program as not only a new revenue stream for their operations, but also an incentive to continue innovating and adopting new practices which help mitigate the damaging and costly impacts of a changing climate on both their operations and our nation’s food supply.”
Carbon program offerings for 2022
In 2022, Truterra will offer two approaches to encourage climate-smart practices and carbon storage in agricultural soils. The first will reward farmers who recently adopted practices to store more carbon in their soils. The second is designed as an on-ramp for farmers who are just getting started to support them through the process of implementing new practices.
Farmers participating in the 2022 carbon program may be eligible for a one-time, upfront payment of $20 per ton of carbon based on recently adopted changes in soil health practices, including reduction in tillage and the addition of cover crops.
Truterra is also launching a new carbon market access program for farmers who are implementing climate-smart practices for the first time and are interested in potentially participating in carbon markets in the future. Participating farmers may be eligible to receive one-time payments of up to $2 per acre for enrolling in the carbon market access program.
Under this approach, farmers will maintain ownership and options with their carbon rights in current and future years and are not required to make a long-term commitment to maintain the practices if they are not the right fit for their operations.
For more information, visit www.TruterraAg.com/Carbon.
Source: Truterra, LLC., which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.