Growing Returns

Selected tag(s): rice protocol

These farmers sparked agricultural carbon markets across the U.S.

Rice held by Jim Whitaker of Whitaker Farms

Rice held by Jim Whitaker of Whitaker Farms. Credit: Adam Jahiel.

I want to tell you a story about a handful of growers whose commitment to sustainability and desire to innovate inspired an ag carbon credit movement.

Today, the first ever carbon credits generated from rice farmers were sold to Microsoft, all because of a handful of pioneers who tested out a radical idea – that by implementing conservation methods on their crops, farmers could reduce methane emissions and thereby generate a carbon credit that could be later be sold on the carbon market. Not to mention the fact that these farmers also reduced water use by as much as 30 percent. Read More »

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Why investments in agricultural carbon markets make good business sense

Farmers shaking handsOver the past decade, private investment in conservation has more than doubled, with sustainable forestry and agriculture investments as the main drivers of growth. This unprecedented expansion in “impact investing” or “conservation finance” has occurred as investors seek good returns that can also benefit the environment.  According to Credit Suisse, sustainable agriculture is particularly appealing to investors as it offers a wider array of risk mitigation approaches than sectors such as energy and transportation.

Yet despite this boom, there has been very little investment from private capital in emerging ecosystems markets, especially in the agricultural sector.

We’ve blogged before about the benefits growers – and the environment – realize from participating in agricultural carbon markets or habitat exchanges. But here’s why the private sector, food companies and retailers should invest in agricultural carbon markets. Read More »

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Four incentives that will push fertilizer efficiency to scale

fertilizerWe need fertilizers to maintain and increase farm productivity and feed a rapidly growing population, yet 50 percent of the nitrogen fertilizer applied to crops is lost to our waterways or into the air.

That’s not good – not for the grower, nor  for the environment.

I’m optimistic that nutrient losses will soon be trending downward while productivity climbs. Here are four reasons why:

Read More »

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California takes giant step toward approving first crop-based carbon standards

CA rice farmA significant milestone was achieved today in the California cap-and-trade market. For the first time, the California Air Resources Board (ARB) considered a land-based carbon offset protocol that will allow U.S. rice growers to earn additional revenue for reducing greenhouse gas emissions from cultivation.

This is a big deal. U.S. agriculture has tremendous potential to not only provide the nation with the food we eat, but also the climate solutions we need to sustain our growth.

Farmers grow carbon credits

The protocol covers rice cultivation practices in both the Sacramento Valley of California and the Mississippi River Valley, which encompasses Missouri, Arkansas, Mississippi and Louisiana. Growers here can implement any combination of three practices – dry seeding, early drainage or alternate wetting and drying – and collect data to be independently verified to create a carbon credit.

Nearly two dozen farmers have already expressed interest and are starting to gear up their operations to generate offsets in the spring of 2015. Read More »

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Five things to like about California’s proposed rice protocol

EDF's work on the rice protocol was featured in an article from The Fresno Bee: California Rice Farmers Could Get Pollution Credit. Photo credit: California Ag Today.

EDF’s work on the rice protocol was featured in The Fresno Bee: California Rice Farmers Could Get Pollution Credit. Photo credit: California Ag Today.

The California Air Resources Board (ARB) has been developing the first crop-based protocol that will allow U.S. rice growers to participate in California’s cap-and-trade program. The final draft of the standards – a product of meticulous research and stakeholder input – is now out for review.

There’s a lot to like in the draft, which demonstrates the ARB’s diligence in developing a greenhouse gas reduction program that is good for both farmers and the wildlife that depend on rice fields for habitat. Here are my five highlights:

1) It creates a new revenue stream for farmers:  Rice farmers across the U.S. can volunteer to implement one of three methods included in the protocol – dry seeding, early drainage, or alternate wetting and drying – to reduce their greenhouse gas footprint. In doing so, they will be able to generate offsets to sell in California’s carbon market, providing revenue for growers while contributing to the state’s clean air goals.

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