Agriculture's carbon market - time for a change

Aug 12, 2023

There are a lot of carbon programs available to farmers now, but there are still some challenges to getting more farmers to participate. These challenges include the fact that the financial incentives offered by these programs are often not enough, and the practices required by these programs can be restrictive. 

Diving deep into this is a study titled "Agricultural Carbon Programs: From Program Chaos to Systems Change," recently presented by the American Farmland Trust. The study pinpoints that the current incentives, often between $15 to $25 for farmers to adopt practices like cover crops, fall short. In contrast, initiatives like the Environmental Quality Incentives Program (EQIP) offer between $50 to $54 for the same. 

The research found that current carbon programs focus too much on two farming practices: no-till and cover crops. However, the USDA has identified many other climate-smart practices that can help farmers reduce their emissions. Additionally, the research found that current programs don't focus enough on the real culprits of agricultural emissions: methane and nitrous oxide. These gases need to be addressed if we want to achieve our broader emission reduction goals. 

Source : wisconsinagconnection
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