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HomePosts Tagged "agricultural carbon credits"
Agribusiness, Carbon Farming, Company News, North America

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.

To date, farmers in Indigo Ag's sustainability

Agrotech, Company News, Finance, North America, Sustainability

The capital will be invested in profitably scaling Indigo’s unique science and technology to boost farm revenues and de-carbonize the planet.

Boston based Indigo Ag, the premier sustainability partner of the agriculture industry, announced that it has raised over $250 million to drive innovation and growth in its sustainable agriculture programs and better serve its customers and partners. The successful investment round signals market validation of the company’s strategy and confidence in Indigo’s unique ability to drive farmer and agribusiness success at scale.

“Farmers and agribusinesses need strong, innovative partners that create value,” said Jed Miller, chief strategy officer for Ag Partners Coop. “This fundraise is not only a win for Indigo, but a major win for market access. We look forward to continuing our collaboration with Indigo to drive farmer success.”

The funding round includes existing investors, led by Flagship Pioneering, and new investors, including the State of Michigan Retirement System, one of the largest pension funds in the U.S. and Lingotto Investment Management, a $3 billion innovation-focused fund owned by Exor N.V., one of Europe’s largest diversified holding companies.

“In this difficult and obsessively short-term financial environment, it is vital to back innovative companies that are critical to meeting the challenges of the future of the Earth,” said James Anderson, Managing Partner and Chief Investment Officer –Innovation at Lingotto. “We believe that Indigo Ag has endured demanding times but now has a bright future and an important role in mitigating climate damage. Therefore, Lingotto Innovation is proud to support the company.”

Indigo has entered a period of acceleration across its integrated business platform:

Net revenues for 2022 grew 40 per cent year-over-year and revenues for the first seven months of 2023 grew 90 per cent compared to 2022.

Through its digital sustainability products, Indigo has had success working with multibillion dollar companies to reduce their Scope 3 emissions through its Market+ Source program and is on track to deliver 30 million bushels of sustainably grown grains in 2023.

The company has also produced an industry-leading 133,000 registry issued, agricultural carbon credits of the highest quality and scientific rigor. Indigo is already working on its unprecedented third carbon crop and enrollment figures for its fourth carbon harvest show continued growth in both farmer and acreage participation.

Indigo will continue the expansion of its digital products – Market+ Source sustainable crop program – and has a biological product pipeline of 38 new biological products scheduled to launch globally over the next 30 months.

“This important fundraise signals Indigo Ag’s successful transition from a startup to a trusted partner that is delivering critical sustainability solutions,” said Ron Hovsepian, President and CEO of Indigo Ag. “We have the science, business momentum and sufficient resources to continue to deliver on our promises to our partners and customers. We are well positioned for growth and profitability as we work with the agricultural value chain to turn sustainability into real value.”

The capital will be invested in profitably

Agrotech, Company News, North America

For the first and second carbon crops, Carbon by Indigo farmers were paid $30/credit, a 200 per cent increase over the original guaranteed payment rate.

US based Indigo Ag, the premier sustainability partner of the agriculture industry, announced the completion of its second carbon crop, consisting of more than 110,000 agricultural carbon credits. Issued by one of the world’s most trusted carbon registries, the Climate Action Reserve, Indigo’s second crop of credits was produced by U.S. farmers enrolled in its industry-leading carbon farming program, Carbon by Indigo.

The second crop of credits represents more than 110,000 metric tons of carbon dioxide and other greenhouse gas emissions sequestered or abated by farmers. The credits were produced by nearly 430 farmers across 22 U.S. states, including existing and new farmers and new fields in their operations. The second carbon crop demonstrated the program’s growth and durability, as Indigo’s carbon program realized a roughly 5x credit growth from its inaugural crop. Carbon by Indigo Farmers Produce the Highest Quality Agricultural Carbon Credits Available on the Voluntary Market.

For the first and second carbon crops, Carbon by Indigo farmers were paid $30/credit, a 200 per cent increase over the original guaranteed payment rate.

With sustainable agriculture gaining momentum as a vital tool to combat climate change, the need to scale nature-based solutions is at an all-time high. Indigo’s first carbon crop – issued in June of 2022 and consisting of more than 20,000 credits – established the company as the first to ever generate verified, registry-issued agricultural carbon credits at market scale. This second carbon crop further demonstrates the repeatability of this process, the potential for exponential growth, and the appeal to both farmers and buyers. It also reinforces the ability of farmers, and the agriculture industry broadly, to have a real, measurable, and durable impact on one of the world’s largest carbon sinks.

“Our second crop of soil-based carbon credits signifies the enormous growth and potential for farmers to sequester more carbon in the soil while increasing their own profitability, with 75 per cent of the credit revenue going directly back to farmers,” said Ron Hovsepian, president & CEO of Indigo Ag. “The verified credits produced by the Carbon by Indigo program represent significant and immediate environmental benefits. We are incredibly excited about the strong demand we are seeing from companies looking to high-quality offsets as part of their climate roadmaps.” 

Indigo’s growing network of global partner companies, including many long-term buyers, have committed to purchasing Indigo’s verified agricultural carbon credits in advance of this new carbon crop.

Indigo Ag is the only company producing verified, registry-issued soil carbon credits at scale, rewarding farmers for adopting sustainable farming practices that benefit the environment and their operations. The Carbon by Indigo program includes removals and abatement of carbon dioxide and other greenhouse gases. The credits are measured, verified and issued under the most rigorous scientific standards, making them the highest quality agricultural carbon credits available on the voluntary market. The program’s economic and agronomic incentives for farmers establish long term viability for the program.

For the first and second carbon crops,