CarbonNOW Agricultural Carbon Farming Program to Expand by an Additional One Million Acres
Locus Agricultural Solutions (Locus AG), an innovative agtech biological inputs company, in collaboration with Bluesource and Green Star Royalties, subsidiary of Star Royalties Ltd. has announced that the globally recognized CarbonNOW carbon farming program is expanding by an additional one million acres. The expansion comes in response to high carbon credit purchase interest from buyers and rapid enrollment from U.S. farmers — driven by CarbonNOW’s unique farmer benefits and efficacious results of Locus Ag’s soil health inputs.
Locus AG’s CarbonNOW carbon farming program is built through a partnership with Bluesource, a leading carbon project developer that develops, manages, and monetizes the carbon credits, and Green Star Royalties Ltd., a pure-green royalty and streaming company that provides funding to enable upfront payments to farmers. Announced just four months ago, the initial 320,000-acre CarbonNOW program is rapidly filling its first class of farmers. It received high interest based on key differentiators from other carbon farming programs, including:
- Upfront payments and guaranteed minimums.
- Performance bonuses that accrue for larger long-term payouts.
- Premium carbon credits and secure buyers.
- No program fees and full program management.
- High eligibility rates and access to carbon-accelerating technology.
High Eligibility Rate Drives Farmer Interest in CarbonNOW Carbon Farming Program
One of the driving factors in the success of the CarbonNOW carbon farming program is its high eligibility rate. Unlike other carbon farming programs, farmers that have already been utilizing regenerative agriculture practices are eligible for CarbonNOW by treating acres with Locus AG’s carbon-accelerating soil health probiotics.
“We can qualify the farmers who have been implementing no-till practices for 30 years, planting cover crops or using their livestock effectively by using our soil probiotics, which are new to the carbon market and actually supercharge carbon sequestration,” said Travis Kraft, director of U.S. row crops for Locus AG. “Joining CarbonNOW provides additional economic value that helps to ensure a financially secure future for these farmers and the agriculture industry, while feeding an expanding global population and aiding in the climate change fight.”
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