According to the latest Ag Economy Barometer from Purdue University's Center for Commercial Agriculture, very few farmers are currently engaged in carbon contracts and of the ones who are, most of them say the payments aren't high enough. On average, most farmers receive somewhere between $10-$30 per ton of sequestered carbon. The barometer found that as of January, only 1% of survey respondents reported that they had signed a carbon contract.In a survey of 400 large-scale operators during mid-January, 8.5% of respondents said they were actively engaged in discussions about receiving payments for capturing carbon on their farm and only 6% said they were offered $30 or more for each ton of sequestered carbon. About 65% of respondents said the offer they received was only $10-$20 per ton.Almost 50% of respondents said the minimum payment they would accept in a contract was “$60 per acre or more.” 14% said the minimum they would accept was $30-$45 an acre and 9% said they wanted $45-$60 an acre.
The full Ag Economy Barometer is available here.
Post a comment
Report Abusive Comment