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American Ag Today- 11/20/24

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November 20, 2024

TLDR: On American Ag Today, Ashley Bruner of Agoro Carbon Alliance and Ben Runge with ForGround by Bayer share their insights at the NAFB Convention in Kansas City, MO.

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In the latest episode of American Ag Today, host Jesse Allen dives into exciting discussions from the NAFB Convention in Kansas City, MO. The episode features key insights from Ashley Bruder of Agoro Carbon Alliance and Ben Runge with ForGround by Bayer, focusing on carbon markets in agriculture and the potential they hold for farmers and ranchers.

Key Takeaways from the Podcast

This episode highlights the growing confidence in carbon markets and the practical steps that farmers can take to leverage these opportunities.

The Journey of Agoro Carbon Alliance

  • Introduction to Agoro Carbon Alliance: Ashley Bruder discusses the organization's launch in the US in 2021, emphasizing their commitment to helping farmers and ranchers across 34 states.
  • Growing Interest in Carbon Markets: Despite initial skepticism, there's an increasing interest among agricultural producers in carbon markets, driven by the potential for new revenue streams through carbon credits.
  • Role of Carbon Buyers: Companies that have committed to net-zero emissions are eager to invest in carbon offsets, particularly those derived from soil carbon. Producers need to understand the permanency and quality of the changes they implement.

Farmers and Ranchers Engage with Carbon Markets

  • Common Questions: Farmers often inquire about the permanence of implemented changes and their long-term impacts on local ecosystems.
  • Challenges and Encouragement: Bruder noted that many farmers overlook the benefits due to preconceived notions that these programs may not apply to them. She encourages producers to utilize the carbon calculator available on Agoro’s website to explore their potential earnings and to seek custom assessments.
  • Valuable Resources: Agoro provides resources such as a knowledge hub and a podcast sharing insights from industry experts and real-life experiences from producers.

Understanding Bayer's Carbon Program

Ben Runge elaborates on Bayer's carbon initiative aimed at incentivizing sustainable farming practices.

Overview of Bayer's Carbon Program

  • Incentivizing Sustainable Practices: The Bayer program encourages practices like no-till, strip-till, and cover cropping that benefit the environment and enhance soil health.
  • Market-Based Incentives: By adopting these practices, growers can participate in a market-driven approach that rewards them financially.

Evaluating Different Carbon Programs

  • Program Types: Runge breaks down the types of carbon programs into two main categories: practice-based and outcomes-based.
    • Practice-Based Programs: Provide immediate financial benefits based on verified agricultural practices.
    • Outcomes-Based Programs: Focus on results regarding soil carbon sequestration but may carry more uncertainty regarding earnings.
  • Choosing the Right Program: Producers are encouraged to find a program that aligns with their operational capabilities while ensuring transparent verification processes.

Conclusion

The discussions with Ashley Bruder and Ben Runge underscore the significant shift within the agricultural sector towards embracing carbon markets. Farmers and ranchers now have the tools and partnerships to effectively navigate this evolving landscape.

Key Recommendations for Farmers and Ranchers

  • Educate Yourself: Utilize resources like Agoro's carbon calculator and their informational materials to understand your situation better.
  • Consider Custom Assessments: Don’t disqualify yourself; reach out for tailored assessments that clarify potential benefits.
  • Explore Bayer's Program: Familiarize yourself with Bayer's initiatives that incentivize sustainable practices and understand the financial implications.

Stay tuned for more discussions from the NAFB convention in future episodes of American Ag Today. These conversations are paving the way for a more sustainable and profitable future for American agriculture.

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