Yara International ASA, Oslo, on May 7 announced the commercial launch of Agoro Carbon Alliance, 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 will support farmers with the agronomical expertise and practical support to successfully sequester carbon in the soil and reduce emissions from the field. This will in turn generate third-party certified carbon credits and increase farmers’ income.
“With the Agoro Carbon Alliance, our goal is to build a new global business that combines Yara’s unique market position with an alliance approach that actively invites others to choose a more climate-positive food future,” said Terje Knutsen, EVP Farming Solutions. “The farmer is at the center of everything we do at Yara. So we’ve designed Agoro Carbon to fit farmers’ needs, and how we can best support them as a trusted partner.”
Agoro Carbon Alliance launches commercial operations with a 30-person team and multiple partnerships across regions on four continents (Europe, Brazil, India, and the U.S.). It currently has employees in the four regions. U.S. farmers are already working with Agoro Carbon to produce the first Farm Carbon Credits in 2021.