Date: Tue Aug 3, 2021
Time: 12:30 PM - 2:00 PM
Moderator: Dianna Bagnall
In this reset of the carbon market we’ll explore the possibilities for farmers and their retailers. We will explore how precision agriculture helps manage carbon and data to participate in this market.
This introduction to soil carbon markets will cover terms such as offset, inset, additionality, permanence, discount, and leakage. We will briefly introduce soil carbon measurement, reporting, and verification (MRV) including how models might be used in MRV. As well, we will touch on the many co-benefits of increasing soil organic carbon using soil health management systems such as erosion control, water quality, drought resilience, and farm profitability.
Service providers are positioned to play a significant role in helping their farmer customers access emerging carbon market opportunities. What is the real opportunity? Are your customers prepared? How can you best assist them? This session will review common eligibility criteria, enrollment processes, and the role and importance of data and specialized agronomic services.
Farmers don’t get paid by the acre for their crops. Why should they be paid by the acre for their carbon? Farmers will only get the highest return for their carbon if it can be accurately measured across their farm. Adapting soil sampling and scanning technology for soil carbon farming will allow farms to sell their carbon at the highest value for each megaton sequestered. Field measurements of carbon sequestration will help legitimize agriculture’s positive role and ensure our industry is invited to have a seat at the carbon table.
Commercial labs offer many different types of carbon and nutrient analyses, but the differences among them are not always clear making it difficult to choose. Differences between carbon and fertility analyses as well as different types of carbon assessments will be discussed to help you select the right measurement for your needs.
Overview of how the carbon market works from carbon offset creation to carbon offset retirement. Included will be a discussion of recent market dynamics and outlook for the future.