Partnership Opens Pathway for Carbon-Farming Payments
Locus Agricultural Solutions® and Nori have announced a partnership that provides a pathway for payments to farmers harvesting carbon. Farmers who work with these startups this year and have been practicing regenerative agriculture since on or after January 1, 2010, will be able to sell their resulting carbon credits. The price is currently $15 for every ton of carbon dioxide (CO2) sequestered. After 2020, the price will be set by the open market. Nori is using the COMET-Farm carbon and greenhouse gas accounting system for creating standardized carbon baselines.