In the past three months, three new revenue opportunities have emerged for growers. In June, the first ever carbon offset protocol for crop-base agriculture in a cap-and-trade market was approved for U.S. rice growers by the California Air Resources Board (ARB). The “rice protocol” announcement was followed shortly after by approval of a voluntary grasslands protocol, which rewards farmers for avoiding the conversion of grasslands to cropland.
And now, USDA has demonstrated its interest in and support of another market-based approach for growers: increasing fertilizer use efficiency. Thanks to a new grant from the U.S. Department of Agriculture (USDA), EDF and partners will be helping almond and corn farmers reduce fertilizer runoff and nitrous oxide emissions, and earn greenhouse gas credits that can generate revenue.
Here’s what this project will entail: Read More