Traditional carbon marketplaces pay growers for carbon sequestration via regenerative practices, but many of these marketplaces come with costs that outpace the costs of early-year implementation, and it can take farms years to realize financial rewards.
A recent study showed that 72% of farmers were aware of carbon credits but only 3% have enrolled.
“Two of the biggest barriers to adoption are high levels of risk to enter the new carbon markets and the high startup costs of adopting new practices.
For those growers interested in starting regenerative agriculture practices, she says CIBO Carbon Bridge can help, as it creates an incentive that solves these problems. “CIBO is basing per-acre payments on what growers say they need to help cover the costs of adopting new practices.
“We also believe in financially rewarding growers who were early adopters of regenerative farming.
CIBO has also announced its first CIBO Carbon Bridge partnership with Bushel to bring visibility to sustainable practices throughout the supply chain.
Using Carbon Bridge, growers can access the best per-acre payments available starting year one, based on real-world cost estimates.
“We believe that creating reductions in carbon emissions will be one of the first true monetizable business opportunities for food and agriculture supply chains.
Last year, Bushel acquired FarmLogs, a leading provider of technology farm management systems for row crop farms. This creates a digital infrastructure to connect the farm gate to the grain facility onto downstream customers with permission from all parties.