AgricultureGrowing 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



Ultimate Guide



Loading...



LATEST CARBON NEWS

SBTi Launches New Net-Zero Standard V2.0, Raising the Bar for Corporate Climate Action

The Science-Based Targets initiative (SBTi) has released the finalized Corporate Net-Zero Standard Version 2.0, creating new rules that will guide how companies set, manage,...

Inside the DOMINANCE Act: America’s Push to Secure Critical Minerals Beyond China

The U.S. House of Representatives has passed the DOMINANCE Act, a bipartisan bill designed to strengthen America's access to critical minerals and reduce its...

EU Unveils €25 Billion Mediterranean Clean Energy Plan to Unlock Solar and Hydrogen Growth

The European Union is looking south for its next major clean energy opportunity. The European Commission (EC) has launched the Trans-Mediterranean Renewable Energy and...

Meta and Reliance Join Forces to Build One of the World’s Largest AI Data Center Campuses in India

Meta is strengthening its presence in India with a major investment in digital infrastructure and renewable energy. The company has signed an agreement with...
CARBON INVESTOR EDUCATION

What Does “Net Zero Emissions” Really Mean?

The recent report from climate scientists is crystal clear: the world must act now. That means limiting global warming to 2 or 1.5 degrees...

Planting Trees for Carbon Credits: Everything You Need to Know

As climate change intensifies, nations and industries are seeking innovative ways to cut carbon footprints. Carbon credits have emerged as a key tool in...

What is SMR? The Ultimate Guide to Small Modular Reactors

Energy is the cornerstone of modern life. We need electricity for healthcare, transportation, communication, and more. Many countries are choosing nuclear power because it...

What Is Carbon Dioxide Removal? Top Buyers and Sellers of CDR Credits in 2024

The world must remove 5–16 billion metric tons of CO₂ annually by 2050 to limit global warming to 1.5°C. But with emissions still rising,...