HomeAgricultureGrowing Cover Crops for Carbon Credits

Growing Cover Crops for Carbon Credits

Cover crops are growing in popularity to fight climate change. They now account for twenty-two million acres of land, a 43% increase from past years.

So, what exactly is a cover crop?

A cover crop is a crop planted without harvesting.

While that may sound silly, farmers can benefit from doing this. Cover crops can restore soil and reduce erosion. Plus, they remove carbon from the atmosphere. Because of this, when farmers plant cover crops, they qualify as a carbon offset project. This means the crops can generate carbon credits and create additional revenue.

Popular cover crops include barley, oats, legume, radishes, and rye. Some crops are converted into biofuel or fed to animals. However, leaving the crops to break down in the soil is best for the environment.

Companies, including Bayer, Land O’Lakes, and Cargill, Inc., launched carbon farming programs to offset their own carbon footprint. These programs pay farmers to capture carbon through cover crops.

For example, in 2021, Truterra (a Land O’Lakes subsidiary) paid $4 million to farmers for cover crops – capturing 200,000 metric tons of carbon.

Some critics say cover crops could cause an issue with the supply of seeds. They are also worried that the use of farm chemicals will increase. However, many environmentalists believe that the benefits of cover crops outweigh any risk.

Many in congress recognize the role cover crops can play in reducing carbon.

The Build Back Better legislation put forth by the Biden Administration allocated $28 billion for land conservation programs. $5 billion is to pay farmers and landowners to plant cover crops.

Right now, no one is sure if the bill will pass.

Estimates say by 2030, between 40 and 50 million acres of land could be cover crops.

Most Popular
LATEST CARBON NEWS

Japan Steps Up as Carbon Credit Leader with $70 Billion Push for Net Zero

Japan is starting to lead in carbon credit markets as global demand for sustainable solutions grows. With significant investments, bilateral agreements, and innovative approaches,...

The Curious Case of Top CEOs’ Private Jet Emissions

Are those billionaires flying in the sky giving a stark reminder of climate inequality? Certainly yes. It showcases the disproportionate environmental impact of the...

BeZero Carbon Secures $32 Million to Boost Carbon Market Integrity

BeZero Carbon, a global leader in carbon ratings, has successfully raised $32 million in a Series C funding round. The funding will help enhance...

TikTok’s 50-Million-Ton Carbon Crisis: Almost 7x Bigger Than Meta’s Footprint

TikTok, owned by ByteDance, has rapidly become one of the most popular social media platforms globally. The platform has reshaped how people engage with...
CARBON INVESTOR EDUCATION

Top 5 Carbon ETFs for Sustainable Investing in 2025

Like stocks, investors can buy and sell Exchange-Traded Funds (ETFs) whenever the market is open. Often investing in carbon credits through ETFs offers a...

Green AI Explained: Fueling Innovation with a Smaller Carbon Footprint

As artificial intelligence (AI) continues to transform industries and unlock new opportunities, its environmental impact is also a matter of concern. While AI holds...

What’s Shaping North America’s Natural Gas in 2024? Insights from Wood Mackenzie

The natural gas market has immensely benefitted this year from robust storage levels and stabilized prices after the sharp spikes of 2022. However, challenges...

EU’s Green Bonds to Slash 55 MTS of COâ‚‚ Annually. Can it Hit Europe’s 2050 Net Zero Target?

The European Commission released its NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report 2024 explaining how proceeds from green bonds are being used to...