JEFFERSON CITY, MO – As the Biden Administration and Congress push forward their climate change agenda, including massive reductions in emissions and sequestration of carbon, some Missouri growers will get to determine if agricultural carbon markets hold any promise for producers across the country. With a new pilot project from Missouri’s corn and soybean Merchandising Councils’, farmers will be able to enroll and test new innovations in quantifying carbon and water quality benefits in corresponding markets. These benefits, once quantified, verified, and certified will result from the adoption of eligible conservation practices on enrolled acres and the credits will then be available for purchase from interested buyers. The Missouri program is one of more than 10 new projects that the Ecosystem Services Market Consortium (ESMC) is launching this year to test and further refine its voluntary market program prior to full market launch in 2022. The pilots will test the processes for credit generation and sales and ensure all other program aspects are operational and meet grower (supplier) and buyer needs. More information about the Missouri pilot is available at MOCarbonPilot.com.
(SOURCE: All Ag News)