"Together, CIBO and Peoples Company are leading the way in economically and environmentally sustainable incentives to growers and owners of cropland in the U.S.," said Steve Bruere, CEO, Peoples Company. "The benefits of sustainable and regenerative agriculture are clear over the medium to long term. What is missing is a way to create immediate, new incentives for sustainable management."
Through the partnership, Peoples Company has committed to initially enroll more than 20,000 managed acres in the CIBO Impact platform, creating potentially $400,000 of new revenue for owners and operators in the first year when all credits are verified and sold. Additionally, Peoples Company and CIBO are working together to create partial incentive pre-payments for enrolled land. Under the partnership, growers and owners will be eligible to receive immediate incentive payments against expected future sales of carbon credits.
"Partnering with Peoples Company makes sense, for farmers and for sustainable agriculture," said Daniel Ryan, CEO at CIBO Technologies. "This partnership charts a pathway that others should follow."
CIBO Impact offers a streamlined approach for enrolling land, quantifying the carbon impact of various practices, and remotely verifying practices to generate and sell carbon credits -- all with minimal effort on the part of farmers. CIBO uses ecosystem simulation and modeling to quantify the reduction of greenhouse gas emissions and carbon sequestration and uses advanced computer vision to verify practices. Covered practices include nitrogen application, tillage, irrigation, cash-crop identification and cover-crop emergence.
Regenerative management decisions are made annually by growers and owners, and create real, permanent reductions in greenhouse gas emission and sequestration of atmospheric carbon within soil systems.
Consumers and organizations alike can achieve their climate and carbon offset goals by purchasing credits directly from the voluntary CIBO marketplace. Carbon offsets may be purchased now from U.S. farmers at https://www.cibotechnologies.com/mp/carbon.