Ecosystem Services Market Program Launches
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Payments for Ecosystem Services
The Ecosystem Services Market Consortium (ESMC) and the Foundation for Food & Agriculture Research (FFAR) announced the launch of ESMC’s ecosystem services market program, Eco-Harvest. The program rewards agricultural producers for beneficial environmental outcomes from regenerative agriculture by generating and selling credits for increased soil carbon, reduced greenhouse gases, and improved water quality from agricultural production systems. Partners invested $20.6 million in developing the digitized and advanced technology program and platform to generate high quality, third-party verified credits for soil carbon removals, avoided and reduced greenhouse gases, and water impacts from U.S. farms. ESMC is targeting up to 500,000 acres enrollment. Current Eco-Harvest market program regions include the Midwest Corn and Soy Belt, the Northern Great Plains, the Southern Great Plains, and the Great Lakes regions. Production systems included in the launch include corn, soy, wheat, and alfalfa cropping systems.