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Friday / November 22. 2024
HomePosts Tagged "AgriCapture"

The credits were issued by the Climate Action Reserve (CAR), a globally trusted carbon market offset registry

AgriCapture is issued the first-ever avoided grasslands conversion carbon credits in Texas through a partnership with the property’s landowner and the Texas Agricultural Land Trust to protect soil carbon and ensure that the property’s native grasslands will not be converted. 

The credits were issued by the Climate Action Reserve (CAR), a globally trusted carbon market offset registry, to a Bailey County ranch. Located in the High Plains of the Texas Panhandle, the area is recognised by the U.S. Department of Agriculture as a New Dust Bowl Zone, where preserving native grassland habitats and preventing land use conversion is especially critical.

“We are proud to deliver the first avoided grasslands conversion carbon credits in the history of the state of Texas and thrilled that AgriCapture’s programs will unlock significant value for Texas landowners,” says Kam Kronenberg, AgriCapture Board Member and Texas landowner.  

 Based in Nashville, AgriCapture was created by a group of agriculture specialists, passionate environmentalists, and economists to combat climate change through sustainable agriculture. AgriCapture verifies Climate-Friendly agricultural practices on farms, ranches, and grasslands to track environmental benefits and boost profitability for agricultural partners across the country.

AgriCapture’s Avoided Grasslands Conversion Project is dedicated to protecting native grasslands and ranches from conversion to cropland, allowing the land to naturally sequester carbon, and prevent agricultural greenhouse gas (GHG) emissions. To facilitate the generation of carbon credits, AgriCapture methodically collects data on soil types, vegetative cover, land use history, and ranch operations to submit for registry verification and credit issuance under CAR’s Grasslands Protocol. The AgriCapture team quantifies avoided GHG emissions and monitors ranch operations to protect underground carbon storage.

The Texas Agricultural Land Trust (TALT) partnered with AgriCapture on the Bailey County project and holds the conservation easement that will protect the land from being converted or developed. The easement contains provisions that make the property eligible to receive carbon credits for sequestering and storing soil carbon, as well as eliminating emissions that would be associated with crop production. 

“We believe this bellwether project could result in future carbon credit revenue streams for agricultural landowners in Texas and beyond,” said Chad Ellis TALT CEO.

The credits were issued by the Climate Action

Company aims to sign up another 50,000 acres in August with extra financial incentives for farmers.

 AgriCapture is expanding its rapidly growing Soil Enrichment Project to enable more farmers to receive premium payments for their climate-friendly practices. Since its launch, the project has more than doubled in size, with over 1,10,000 acres of regenerative farmland enrolled and 31 farmers participating. The acres registered with the Climate Action Reserve’s (CAR) Soil Enrichment Protocol cover farmland across eight states in the Mid-South producing rice, corn, cotton, and soybeans.

The AgriCapture team is attending field days and meeting with farmers across the Mid-South throughout this month to enroll row crop farmers in the expanding Soil Enrichment Project. The Soil Enrichment Project is expanding for more farmers to receive payments for their climate-friendly practices.

“Word is spreading quickly across the Mid-South and farmers are approaching us to join our project,” says Founder and CEO of AgriCapture, John Farris. “We are spending time with farmers explaining that they must enroll before September to receive maximum direct financial incentives from AgriCapture.”

Across the project, farmers are implementing climate-friendly farming practices including cover crop rotations, reduced/no-till, efficient fertilizer application, avoided burning and irrigation changes to reduce GHG emissions and sequester carbon. Due to the environmental impact of these practice changes, AgriCapture is generating high-quality and high-value carbon credits.

Missouri farmer, Jarrett Lawfield says, “AgriCapture’s direct financial incentives help make it possible for us to consider certain practices. They understand farmers, they know what questions to ask and, most importantly, they are not full of empty promises.”

AgriCapture manages the full project development and carbon credit generation process to reward farmers for their regenerative farming efforts. A team of agronomists and sustainable farming experts determine an optimal combination of climate-friendly farming practices and collect practice data from farm records, remote sensing, and satellite imagery to submit for validation and verification of emission reductions with CAR. The AgriCapture team manages the sale of carbon credits and facilitates payments to farmers for their climate-friendly farming practices.

Company aims to sign up another 50,000