Agoro Carbon Alliance, Tampa, said on June 8 that it has distributed more than $9 million in payments to U.S. farmers and ranchers in its first year.
“We are extremely proud of the company’s success in the first year,” said Agoro Carbon Interim CEO Elliot Formal. “We have connected with farmers and ranchers throughout the U.S., and look forward to our carbon journey together in the years to come.”
Yara International ASA, Oslo, launched Agoro Carbon last year (GM May 7, 2021) as a global business created for farmers to earn additional revenue from positive climate action. Yara said that by adopting climate-positive practices, farmers can produce Farm Carbon Credits or climate-smart certified crops and help to decarbonize food supply chains.
Agoro Carbon supports farmers with the agronomical expertise and practical support to successfully sequester carbon in the soil and reduce emissions from the field. This in turn generates third-party certified carbon credits and increases farmers’ income.