Carbon
Industry leaders shed light on the reality of the 45Z tax credit and how it is already reshaping supply sheds.
The company said the sustainability division would be embedded in its core businesses, rather than a stand alone unit.
The online platform currently has about 500 programs and service providers in the Midwest participating and is a free resource for farmers, ranchers and their advisers.
“The carbon markets are maturing. The next phase is product-based carbon programs,” says Thad England, director of U.S. strategic accounts with Groundwork BioAg.
With its trio of products, Groundwork BioAg is solving for two problems at once.
Five years after their introduction, carbon offset markets have evolved, and some have disappeared.
After being in the market alongside each other for four years, Truterra will begin offering Indigo Ag carbon programs, and Indigo Ag science will back Truterra’s carbon measurement.
A “no” vote means the state law in question would be rejected, and that raises fresh questions about the Summit Carbon Solutions pipeline and similar projects.
The shift to climate-smart farming emphasizes low-carbon crop yields for biofuels, with 45Z tax credits starting Jan. 1, 2025. Farmers should consider profitable changes while documenting their existing sustainable practices.
Mitchell Hora of Continuum Ag joins the Top Producer podcast to share why he believes taking advantage of these credits will be the biggest opportunity in agriculture.
“We can move so much faster. By our estimates, less than 2% of farmers are participating in these programs industry wide,” Truterra president Jamie Leifker says.
“Our goal is simple: use traits to help plants grow deeper roots,” says Cquesta CEO Michael Ott.
“This is an immense opportunity. For the first time, 45Z provides farmers and biofuel manufacturers a scoreboard with a transparent points system and a business model that rewards scoring points,” says Mitchell Hora.
“If you raise 200 bu. corn with a CI score of 0, that’s $1.57 per bushel and an extra $314 in value. Now, the ethanol plant isn’t expected to share 100%, but it could be 25% to 30%,” says Paul Neiffer, a farm CPA.
How to navigate carbon’s promise and unknowns.
Three tips if you’re considering regenerative practices and have the ability to deliver your crops to a biofuels plant.
Planting cover crops is one of the many ways growers can implement conservation practices on the farm, but planting them aerially may provide additional benefits.
Over 125,000 regenerative tonnes from the program have been issued, with 240,000 more in the pipeline.
Rancher Gayel Alexander is following the climate-smart money, partnering with Farm Journal’s Connected Ag Project, to maximize forage and profitability.
Farm CPA Paul Neiffer joined AgriTalk to break down the details of the Voluntary Carbon Markets Joint Policy Statement and Principles released by the Biden Administration.
In the past year’s program, the number of farmers participating grew by 58% compared with 2022.
EPA’s new model is designed to address previously identified shortfalls in the R&D GREET model and how it calculated lifecycle greenhouse gas emissions. The new approach accounts for all emissions from farm to fuel.
Purdue’s Ag Economy Barometer Index is up for March - something Jim Mintert says is a result of increased farmer optimism for the future.
Tim Hushon, sustainability and technology director at The Mill, details how sustainability factors into their ag retail business and how to partner with farmers on the technology adoption required.
There are a number of practices that can create passive income on your operation, but the level of effort and investment to implement them varies.
According to the company, the use of PhotoSeed technology has the potential to lower a crop’s carbon intensity score.
“We are talking about fuel produced in 2025, but that is going to use the crop we are growing this year,” Mitchell Hora says.
Rick Rice, AMVAC director of application technology, says grant programs aren’t meant to forever subsidize a particular practice, but instead act as a catalyst for new participants to see its benefits.