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Carbon credits - A new revenue stream for farmers

Farm Director KC Sheperd recently engaged with Jamie Burr, Chief Sustainability Officer at the National Pork Board, to discuss the potential for farmers to earn extra income through carbon credits. Burr explained that by adopting practices like reduced tillage, farmers can generate carbon credits by reducing carbon escape from the soil. 

Burr emphasized a significant opportunity for producers, as Consumer Packaged Goods (CPG) companies are increasingly committed to climate goals. To achieve these goals, they may need to purchase carbon credits, providing farmers with a unique opportunity to sell carbon as a commodity. 

Consumer preferences, influenced by Environmental and Social Governance (ESG), are driving these trends in the supply chain. Burr highlighted the importance of organizations demonstrating clear goals and plans to meet them, aligning with consumer sentiments. 

For farmers looking to enter the carbon credit market, Burr suggested visiting the Pork Cares website to sign up for an on-farm report. This report helps establish a baseline of current emissions, with funding provided through the Checkoff program. Burr advised farmers to carefully review available options and contracts, ensuring flexibility to accommodate weather-dependent farming practices. 

As agriculture adapts to changing consumer demands, seizing opportunities like selling carbon credits not only offers financial benefits for farmers but also contributes to the broader goal of sustainable and environmentally friendly practices. 

Source : wisconsinagconnection

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