AGCO is conducting agronomic research trials and field demonstrations in 2021 to help farmers successfully add soil carbon sequestration to their farming operations.
The rapidly evolving carbon credit market is a potential revenue channel for farmers in which they can also contribute to the solution for climate change alongside feeding the world’s growing population.
“With half of the earth’s vegetated land employed in agriculture and abundant soil carbon sequestration potential, it’s understandable that the Ag supply potential is over 30 times today’s total credit demand. However, we expect to see carbon-offset credit demand increase exponentially as surrounding markets mature and companies such as Apple and BP work towards self-imposed climate neutrality deadlines,” said Louisa Parker-Smith, AGCO’s Global Sustainability Director.
“We are undertaking this research to help create a clear path for farmers to successfully harness the revenue potential and climate benefits of biologic carbon sequestration through cover cropping and other regenerative agriculture practices,” said Darren Goebel, AGCO’s Global Agronomy and Farm Solutions Director.
AGCO’s Global Agronomy team is collaborating with the company’s global brands to drive research trials at the Martin Richenhagen Future Farm in Zambia, Africa, and the Swiss Future Farm in Tänikon, Switzerland, as well as several sites in the U.S. and Denmark. The studies focus on best practices for cover crop planting timing (before, during or after harvest), termination methods, species selection and tillage systems to maximize carbon stores.