BAYER THE BAYER CARBON INITIATIVE
DID YOU KNOW ...
Rewarding responsible farmers with a whole new revenue stream In July 2020 , Bayer announced its Carbon Initiative in the USA and Brazil . The long-term scheme offers a payment of $ 3 per acre for reduced tillage ( strip-till or no-till ), $ 6 per acre for cover crop adoption , and $ 9 per acre for adopting both practices , per year . On the principle that earlier adopters should also benefit , any participant who implemented any eligible practice on an enrolled field on or after January 1 , 2012 , is eligible for historical payments after verification by Bayer .
“ Farmers are passionate environmentalists and stewards of the land they farm ,” said Brett Begemann , COO of Bayer ’ s Crop Science division . Their lives and livelihoods depend on the weather , and they are some of the first to be affected by drought , flooding and extreme conditions . If anyone has a vested interest in battling climate change it ’ s farmers , and we are committed to developing new business models like this unique Carbon Initiative to help them in that fight .”
carbon neutral and stay in business too , so their route is to offset – to buy carbon credits from businesses that are able to do more . Farmers are a case in point : they grow plants that absorb carbon dioxide and put it back into the soil . This gives them a potential second revenue stream or financial asset in addition to the market value of their crop . This asset needs to be science-based , he says , and verifiable by an independent ISO accredited third-party verifier , and the credits gained traded on the market like any other asset .
36 January 2022