A new report from the AGree coalition recommends alternatives for the Agriculture Department to consider in setting up a carbon bank that could be used to develop private credit markets and to assist producers who may be left out of them.
A first-of-its kind study will pull together massive amounts of USDA farm data to assess the impact of conservation practices, and the department is separately considering a new crop insurance product designed to encourage growers to limit nitrogen usage.
A dizzying array of ongoing research projects, with sponsors ranging from the Energy Department to multinational food industry giants, may determine whether carbon credit markets can become a reliable, meaningful source of income for farmers.
CropLife America President and CEO Chris Novak says the nation's crop protection sector is battered, but not broken after enduring a growing season that took place in the midst of a pandemic that stalled many other facets of the economy.
A new bipartisan Senate bill that has the backing of leading farm and environmental groups aims to address climate change by directing the Agriculture Department to play a key role in overseeing the operation of agricultural carbon markets.