American Farmland Trust (AFT) has unveiled a comprehensive guidebook, "Top 10 Things You Wanted to Know About Ag Carbon Markets," designed to cater to farmers, agricultural advisors, and conservation professionals. This guidebook delves deep into the realm of agricultural carbon markets and climate-smart farming practices, shedding light on a crucial facet of modern agriculture.
Agricultural carbon markets, as elucidated in the guide, are environmental markets developed to meet the surging demand for carbon credits by corporations. Farmers receive financial incentives for reducing greenhouse gas (GHG) emissions and sequestering carbon in their soil. In return, corporations employ these credits to offset their emissions. By implementing climate-smart practices such as no-till farming, cover crops, and nutrient management, farmers not only contribute to environmental sustainability but also reap economic benefits, including reduced input costs, improved yield stability, and enhanced soil health.
Michelle Perez, AFT Water Initiative Director and guidebook co-author, underscores the guide's purpose: "This guidebook aims to assist farmers in navigating emerging agricultural carbon market opportunities." Many corporations striving to meet sustainability targets purchase carbon credits, some of which are generated by farmers who adopt climate-smart practices. However, the variability and complexity of these agricultural carbon markets have earned them the moniker of the 'Wild West.'
The guidebook addresses ten pivotal questions about agricultural carbon markets, clarifying concepts like climate-smart practices and elucidating market mechanisms. It also highlights the role of the federal government and supporting legislation in carbon market initiatives.
Moreover, the guidebook provides answers to logistical queries, including eligibility for participation, required farmer information, contract duration, and access to essential details. Perez emphasizes AFT's commitment to collaborating with carbon markets, federal and state conservation programs, and the agricultural conservation community to safeguard farmer interests and promote the expansion of climate-smart agriculture.
Source : wisconsinagconnection