AMERICA’S CONSERVATION AG MOVEMENT HOW SOME LEADING CARBON MARKETS COMPARE BAYER Market Launch Date? Acreage Enrollment Minimum Per-Acre Cash Payment to Farmers? 2020 ESMC Fall of 2022 FARMERS BUSINESS NETWORK September 2020 Various, but generally at least 200 acres Payments are market and buyer dependent. Producers can receive anywhere from 30¢ per acre for research programs to more than 15¢ per bushel for identity preserved premium programs. 10 acres $10 (producers will be paid by the acre, not by the amount of carbon sequestered). No minimum Not specified. Producers will be paid annually for the amount of increased soil carbon sequestered, reduced GHG emissions, pounds of phospho-rus and nitrogen and tons of sediment prevented from release into the watershed, and annual water savings from reduced irrigation (based on ESMC quantification, verification and third-party certification). The contract period is 10 years and includes cropland or rangeland. There is no contractual volume for producers; the producers’ outcomes are calculated annually over the course of a 10-year crediting period, which can be renewed to a maximum of 20 years. Producers must register and enter required information for asset or credit generation, and certify information entered is accurate. Producers must show ownership of the assets to be generated to sell them into the market. No enrollment fee or requirement to purchase ag products. Implementing conservation could have associated costs. Producers might be responsible for practice implementation costs and expenses such as soil carbon testing. EcosystemServicesMarket.org What Do Your Contracts Require Farmers to Do? What Are the Terms? Bayer’s carbon initiative pays producers for adopting climate-smart practices such as no-till, strip-till and the planting of cover crops. Producers are required to plant corn or soybeans, have an active FieldView Plus account and agree to share the data needed for the program. Producers share information with Gradable on their crop production practices (including planting, fertilizer applications, tillage and harvest), which is processed with artificial intelligence that leverages 240 million acre-events of farm data from FBN. Gradable validates and distills the practices into a single farm-level score, which allows farms to be rewarded for practices without having to share detailed practice information with buyers. More Information BayerCarbon.com Gradable.com 14 farm journal 2020 Report AgWeb.com/ACAM
America’s Conservation Ag Movement ACAM 2020 Report: Page 14
