AgWeb published an article exploring carbon credit programs across the US and listed CIBO as one of the nine leading carbon markets. Carbon markets offer both economic and environmental value to farmers, according to a report published by Ecosystem Services Market Consortium (ESMC). It estimated $5.2 billion in demand for carbon credits from U.S. ag lands.
The article broke down the key factors of what to know about carbon contracts including:
- Ensuring farmers know how the carbon market is measuring carbon.
- Confirm the payment structure and timeline.
- Assess contract terms, length and exit clauses. Understand what you are committing and for what period of time.
- Know the risks of what happens if you fail to sequester carbon.