Atmospheric carbon dioxide is a factor in fueling climate change and extreme weather swings.
Regenerative farming practices such as no-till and cover crops can sequester this atmospheric carbon dioxide, enrich the soil and reduce input costs.
Noah Walker is the head of carbon market development with Indigo. He says growers that enroll in the program are given assistance along the way.
"They’re equipped with additional tools that Indigo supports them in transitioning to regenerative practices," says Walker. "Indigo then handles the measurement and verification of the carbon impact, and then through that verification is able to create a carbon credit that is sold, and then the value is flowed back through to the farmer."
One carbon credit equals one ton of CO-2 that’s stored in the soil.
"Growers that enroll with us will receive between a $15-$20 payment for their credits. Ultimately, the price will be set in the marketplace," he says. "But you think about adoption of full regenerative practices, growers can start to sequester between 2-3 tons of CO2 per acre on their farm, which means a $30-$60 payment per acre as a result of the impact they’re having."
Indigo Ag expects to work with over 10,000 farmers in this trial and will track findings for at least 10 years.