Farmers would be wise to look into, but not jump into any agreements with companies to be paid for conservation measures that remove carbon from the air.
That’s because the pay to farmers for those measures isn’t much right now, but it’s expected to increase in the next 10 years, said Brent Sohngen, a professor of natural resources and environmental economics at The Ohio State University College of Food, Agricultural, and Environmental Sciences (CFAES).
Contracts to start no-till farming or plant cover crops pay $2 to $15 per acre annually, Sohngen said. And both measures come at a cost. Cover crops can be expensive, and no-till farming can reduce yields on a corn crop, particularly in the first few years of the practice. So, the expenses or potential crop profit loss would have to be weighed against the carbon payments to farmers.
“Carbon is now a commodity, and there is great potential,” Sohngen said.… Continue readingRead More »