The combine harvests the grain. The elevator, the miller, the processor and the retailer take their margins. The farmer takes what's left. Agriculture has always worked this way. Now the same chain is forming around a new commodity — the verified record of how that grain was grown. The machines are already in the field producing it. Graham Gleed, Principal Advisor at abcg, asks who profits from the harvest.
A familiar chain in ag is forming around a new commodity — the verified record of how a crop was grown. The machines are already in the field producing it. Graham Gleed, Principal Advisor at abcg, asks who profits from the harvest.
To generate a carbon credit, a producer must demonstrate a metric ton of C02 (or its equivalent in greenhouse gases (GHG)) was sequestered in soil because of the farmers’ efforts. Seems simple enough, but there is usually another requirement called “additionality” that makes this more challenging for many farmers already implementing conservation practices.
Carbon sequestration contracts for farmland are attempts to restrict usage of land. Historically, restriction on land were put in place by recording easements, mortgages, leases, or deed restrictions.
At a farmer meeting I attended recently, the hot topic was carbon reduction contracts. There was a lot of curiosity, confusion and skepticism among these farmers.
Here in the Technology Corner today, we’re talking about the PTx OutRun autonomous platform — a retrofit kit that enables autonomous grain cart, and now more recently, tillage operations.
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