Connect with:
Saturday / February 22. 2025
HomeNatureEnvironmentIndigo pays farmers in milestone progress for first ever scalable Ag carbon farming prog

Indigo pays farmers in milestone progress for first ever scalable Ag carbon farming prog

icar-neh-opens-quality-analysis-laboratory
Image credit: PR Newswire

Carbon by Indigo is the first carbon farming programme to provide outcomes-based, direct payments to growers at scale

Indigo, a company leveraging nature and technology to unlock economic and environmental progress in agriculture, announced the disbursement of initial payments to the inaugural cohort of Carbon by Indigo participants. The 267 paid growers are the first to implement on-farm practice changes and provide the data required to ensure the rigorous measurement and validation of resulting emissions reduction and removals according to registry protocols. In doing so, they have helped pave a path for the scaled production of carbon credits as a new income stream for farmers, demonstrating the emerging market’s potential as a real and meaningful instrument for mitigating the drivers of climate change.

Carbon by Indigo is the first carbon farming programme to provide outcomes-based, direct payments to growers at scale – a milestone enabled by the successful filing of a monitoring plan detailing the data and methods used to generate the program’s inaugural crop. Final credit calculations, generated and made public upon completion of a rigorous third-party verification process currently underway according to the Climate Action Reserve’s ’Soil Enrichment Protocol,’ will result in the world’s first crop of high-quality, registry-issued agricultural carbon credits generated at scale this Spring 2022.

The cohort’s carbon farming efforts represent a wide range of experience adopting beneficial practice changes in the 2019 and 2020 crop years. Overall participation spanned 19 states, included 15 unique crop types and over 50 unique practice change combinations, and varied from implementation on just one field to practice change on 85. The initial payments represent an advance on the program’s expected first-year vesting (50 per cent). Farmers will receive the remainder of these payments in subsequent years, in addition to further income generated as a result of their ongoing beneficial farming efforts including through continuation of practices, additional practice adoption, or expanded enrolled acreage in future crop years.

Share

No comments

leave a comment