Truterra, the sustainability business and subsidiary of Land O’Lakes, has announced it will be continuing its relationship with Microsoft as a buyer of carbon dioxide removals in 2022 and 2023. Under the new agreement, Truterra will be working with its ag retailer network and its farmer-customers to generate carbon assets for sale to Microsoft.
Truterra’s 2021 carbon program made more than $4 million in cash payments upfront to participating farmers, who sequestered nearly 200,000 metric tons of carbon. The Truterra 2022 carbon program includes opportunities for farmers who recently adopted regenerative practices, plus a new offering designed to incentivize more farmers to put those practices in place on additional fields.
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“Truterra is unique because we partner with and work alongside farmers’ trusted ag retailers to deliver the tools and resources farmers need—at whatever stage of the regenerative agriculture journey they are on,” says Jason Weller, president, Truterra. “This approach allows us to deliver a scalable process to help farmers develop and market their carbon assets.”
“By working directly with farmers and their ag retailers, and by focusing on field-level data coupled with deep agronomic insights, Truterra is working to design and build carbon assets that better meet today’s market needs,” says Jamie Ridgely, carbon operations lead, Truterra. “By factoring in elements beyond carbon, such as soil health improvements, we also are adding another element of sustainability to this rapidly evolving market.”
According to Jamie Ridgely, carbon operations lead, Truterra, “It is investments such as this that are helping transform agriculture, not only as a way to improve the profitability of the farmers we serve and help address climate change, but also as a way to improve the quality of the soils we rely on for food, feed, fuel, and fiber.”