WEST LAFAYETTE, IN – President Biden has identified climate change as a top priority for his administration and interest in capturing carbon on farms that agree to follow specified production practices is increasing. To learn more about this, the Purdue/CME Group Ag Economy January barometer survey included questions related to carbon capture. Nearly one-third (30 percent) of respondents to the recent nationwide survey said they were aware of opportunities to receive a payment for capturing carbon. Interestingly, among the 30 percent aware of these opportunities, only 22 percent said they have actively engaged in discussions about receiving a carbon capture payment. This implies that 6 to 7 percent of all producers have given consideration to contractually sequestering carbon.
(SOURCE: All Ag News)