![]() ![]() Those farmers will be eligible for the next rounds of sales that Indigo announces going forward.Ĭhris Lehe, an Indiana farmer, said he and his farm partner got involved with Indigo when a landlord wanted to see their crop fields converted to no-till. Since its first enrollment with farmers, Indigo now has more than 2,000 farmers participating in its carbon program, involving more than 5 million acres. Farmers would receive $30 per credit through Indigo's 75%-25% split with farmers. Indigo's credits have now reached a sale point of $40 per carbon credit. Each credit equates to 1 metric ton of carbon abated or sequestered by farmers. Indigo leaders stressed the distinction between their program and others is Indigo's credits are the first agricultural carbon credits to meet the registration standard for the Climate Action Reserve registry, which lends credibility to the verification and quality of the science behind Indigo's credits.Īs Ron Hovsepian, Indigo's CEO noted, Indigo's credits "are the first verifiable carbon credits created at scale." Other companies involved in carbon markets for agriculture have already rolled out announcements about selling credits and paying their farmer partners. The credits were sold through a network of 17 buyers that include companies such as JP Morgan Chase, Blue Bottle Coffee and New Belgium Brewing, Indigo noted. Indigo Ag announced the sale of 19,000 carbon credits generated by the practices of 175 farmers who have been working with Indigo to sequester carbon in their operations. (DTN photo by Chris Clayton)ĬHICAGO (DTN) - With some extensive fanfare on Wednesday, Indigo Agriculture used the old Chicago Board of Trade pit as a conference hall to celebrate the company's first sale of carbon credits from farmers and Indigo's acceptance into the Climate Action Reserve registry. ![]() Indigo touted its credits are the first in agriculture verified through the U.S. Indigo released 19,000 carbon credits sold to major corporations from practices by 175 farmers. Ron Hovsepian, CEO of Indigo Ag, speaks at an event at the Chicago Board of Trade building on Wednesday. ![]()
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