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Wednesday / December 4. 2024

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HomePosts Tagged "Dean Banks"
Agbiologicals, Collaborations, Company News, Seeds, World

The catalyst for the partnership agreement is Indigo’s new CLIPS device — an innovative flowable powder seed coating application system.

Indigo Ag and GROWMARK announced a major multi-year strategic partnership to bring new innovative powder-based biological products and sustainability programming to GROWMARK’s member companies and farmers. Now, farmers will be able to conveniently access and benefit from Indigo’s market-leading suite of biological and sustainability solutions through their local FS cooperatives.

The catalyst for the partnership agreement is Indigo’s new CLIPS device — an innovative flowable powder seed coating application system.

GROWMARK COO, Wade Mittelstadt, said, “Biological products have the potential to deliver valuable benefits for growers, but utilising them on the farm can be a challenge due to stability, shelf-life, and application constraints. Indigo’s CLIPS system addresses all of those hurdles and is an incredibly easy and innovative solution. We’re very excited to be able to offer this technology, along with Indigo’s science-based and proven portfolio of biotrinsic® products through our network of FS cooperatives in more than 15 states and provinces across North America.”

The strategic partnership provides retailers and farmers full access to Indigo’s broad and continually evolving portfolio of biotrinsic® products, proven in over 2000+ field trials to help boost crop yields and farm profitability through improved water and nutrient use efficiency, drought tolerance, and plant productivity. It also includes Indigo’s innovative bionematicide and biofungicide products.

Jon Giebel, VP of Product Strategy at Indigo said, “Although the CLIPS device is only available with Indigo’s biotrinsic® products in 2025, the new agreement with GROWMARK opens the discussion for future third-party product access to the CLIPS system providing even greater choice to farmers. We believe that the CLIPS platform offers a new industry standard that will unlock the next generation of high-performing biological active ingredients, and through our partnership with GROWMARK, we will bring these products to farmers at scale.”

Additionally, GROWMARK has been working closely with Indigo’s sustainability portfolio since 2021 and has continued to drive adoption of Indigo’s industry-leading carbon program. Today’s announcement builds upon that collaboration to now include pilots in the insets market for food/feed as well as fuels. As an example of these new initiatives, Indigo and GROWMARK member companies will partner on proactive data collection and carbon intensity scoring to ensure that growers and ethanol producers are ready to take advantage of incentives once 45z guidance is finalized.

“GROWMARK has been a driving force in the industry for many years, and we are pleased that we can work together to offer innovative economic and agronomic solutions to farmers alongside the expertise of GROWMARK member cooperatives,” said Dean Banks, Indigo CEO. “We’ve seen great success in our three-year Carbon partnership to date, and now we reaffirm our shared commitment to innovation by working together to help hundreds of thousands of farmers capture value from the next frontiers in agriculture.”

Mark Orr, GROWMARK CEO, said, “Innovation is a key component of GROWMARK’s enterprise strategy. We’re constantly evaluating new and novel product offerings through our AgValidity and MiField trial programs, as well as through our venture capital fund, Cooperative Ventures. This innovative strategic partnership with Indigo will create value for our member-owners, both through the licensing of the groundbreaking CLIPS system, as well as through Indigo’s market-leading biological portfolio.”

The catalyst for the partnership agreement is

Agribusiness, Agrotech, Carbon Farming, Company News, North America, Soil Health

Microsoft purchased 40,000 carbon credits verified and issued in accordance with requirements of the Climate Action Reserve’s Soil Enrichment Protocol.

Innovative leader and trusted partner in sustainable agriculture and biological solutions, Indigo Ag announced that Microsoft has agreed to purchase 40,000 agricultural soil-based carbon credits from the company’s third carbon crop, issued in February, representing the largest number of credits ever delivered by Indigo Ag to an individual buyer. These credits are verified and issued in accordance with the requirements of the Soil Enrichment Protocol of the Climate Action Reserve, one of the world’s most trusted independent carbon registries.

Microsoft selected Indigo Ag’s carbon program to introduce soil carbon removals in its climate action portfolio to help the company to progress toward its 2030 goal to become carbon negative. The agreement underscores demand for robust, science-backed agriculture soil-based credits and the valuable role they can play in climate action, as well as reflects the increasing maturity of the voluntary carbon market.

Indigo Ag’s Carbon program is underpinned by the company’s scientifically peer-reviewed measurement, reporting and verification (MRV) capabilities which inform the robustness, integrity and durability of credits, and enables growers to realize the value of adopting and sustaining new practices that generate them.

Indigo Ag continues to deploy its MRV capabilities, beyond its carbon program, to enable companies in the agri-food value chain to reduce their Scope 3 emissions and to produce low carbon intensity crop feedstocks for biofuels. To date, Indigo’s Sustainability Solutions have reduced and removed over 340 thousand tons of GHG emissions and saved over 19 billion gallons of water used in agriculture.

Commenting on announcement, Dean Banks, CEO at Indigo Ag, said, “This announcement is a major milestone for Indigo’s Carbon program and our increasing range of ag-based sustainability solutions. Microsoft is a leader in corporate climate action, a highly influential player in carbon removals and shares our commitment to support the transition to a more resilient and sustainable agriculture system.”

“Our program’s selection by Microsoft is a significant win for science-based, high-integrity agricultural soil carbon credits. We have uniquely and substantively invested in the scientific rigor of our program since 2018 to meet the strict standards of premier crediting programs like the Climate Action Reserve. We are working with our partners to enable growers to benefit from valuable, durable new revenue streams that reward them for their efforts in changing practices.”

Brian Marrs, Senior Director of Energy and Carbon Removal at Microsoft said: “Soil organic carbon restoration is vital to the future of food systems, economies and climate change mitigation. We are pleased to collaborate with Indigo Ag to advance both the adoption of regenerative agriculture practices and the soil organic carbon scientific evidence base.”

Microsoft purchased 40,000 carbon credits verified and

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