To date, farmers in Indigo Ag’s sustainability programs (Carbon and Sustainable Crops) have earned more than $12M. Farmers are scheduled to be paid for the third carbon crop in March 2024.
Boston based Indigo Ag, the innovative leader and trusted partner in sustainable agriculture, announced the successful completion of its third carbon crop. With 163,0481 carbon credits produced, Indigo is the only company to complete three carbon harvests at scale and the unprecedented program continues to show growth with year-over-year increases in the number of farmers paid, fields filed, and credits produced.
Since its inception in 2019, farmers participating in Indigo Ag’s carbon program have sequestered or abated the equivalent of nearly 300,000 metric tons of carbon dioxide. Indigo Ag’s carbon credits are verified and issued by the Climate Action Reserve, one of the world’s most trusted independent carbon registries. To date, farmers in Indigo Ag’s sustainability programs (Carbon and Sustainable Crops) have earned more than $12M. Farmers are scheduled to be paid for the third carbon crop in March 2024.
“Our record breaking third carbon crop reinforces that farmers can earn money and have a real and measurable impact leveraging agricultural soil as one of the world’s largest carbon sinks,” said Dean Banks, CEO of Indigo Ag. “As carbon projects continue to be scrutinized, we are incredibly proud to be the largest issuer of nature-based, registry issued agricultural soil carbon credits in the world, driving real value for farmers and corporations.”
Indigo’s latest crop of credits represents an equivalent of 163,048 metric tons of carbon dioxide sequestered or abated by U.S. farmers across 28 states. Indigo’s carbon program growth is evidence of the continued rise in adoption of sustainable farming practices with a 333% year over year increase in new acres, a 297% increase in new fields, and a 215% increase in new grower participation.
Indigo is also working closely with its expanding network of more than 25 agribusiness partners to use unique insights to support growers in deepening their transition to sustainable practices.
Eligible Crops List Expanded for Fifth Carbon Crop
Indigo Ag is already working on its fourth carbon crop, with enrolment numbers and the data collection progress underscoring the continued growth, popularity and value of its sustainable agriculture program. More details on the fourth carbon crop will be shared in early 2025 when credits are expected to be delivered.
For its fifth carbon crop, covering the 2023-24 planting season and already open for farmer enrollment, Indigo is expanding the list of eligible crops for its sustainability programs, adding hemp, perennial and annual alfalfa, millet, collard greens, and four perennial legumes to the current eligible crops (corn, soy and cover crops), giving farmers additional options for program eligibility.
Additionally, Indigo continues to work with its industry partners to make it easier for farmers to import and enter their data, whether they are importing that data from a spreadsheet or their FSA 578 insurance form. Additional product enhancements include historical data validation and the ability to spread out carbon harvests.
