AgWeb published an article about the new partnership between Peoples Company and CIBO Technologies. The firms announced that they have entered into a partnership to offer carbon credits on more than 20,000 acres of land, managed by Peoples, an Iowa-based land transaction and advisory firm.
Through the partnership, Peoples has committed to initially enroll over 20,000 managed acres in the CIBO Impact platform, creating potentially $400,000 of new revenue for owners and operators in the first year when all credits are verified and sold.
Additionally, Peoples Company and CIBO are working together to create partial incentive pre-payments for enrolled land. Under the partnership, for the first time, growers and owners will be eligible to receive immediate incentive payments against expected future sales of carbon credits.