GFB 新闻 Magazine

By Jay Stone, Georgia Farm Bureau

There is a strong case that agricultural soil is a viable tool for storing, or sequestering, carbon. 这是可以做到的. But it seems farmers aren’t sold on the idea of entering carbon markets to generate income. 

A pair of Purdue University professors, Dr. Shalamar 阿姆斯特朗 and Dr. Nathanael 汤普森, presented information via video on field crops’ relationship with U.S. carbon markets during the 2023 UGA Corn Short Course, held Jan. 17在蒂夫顿. 

阿姆斯特朗, an associate professor in the Purdue Department of Agronomy, reviewed how carbon sequestration works and offered research showing the potential carbon storage yield in the United States. 

土壤 & crops essential to markets

There are three primary components in the short-term global carbon cycle: Pools, which have the capacity to store, accumulate or release carbon; Sinks, which absorb more carbon from the atmosphere than they release; and Sources, which are natural or artificial producers of carbon or carbon-based compounds. 

土壤s are one of the main pools, and when farmers use reduced tillage or double-cropping, soils can also be sinks, 阿姆斯特朗说. Reducing tillage leaves carbon in the soil, but tillage disturbs the soil, prompting microbial organisms to metabolize carbon in the soil and release carbon dioxide into the atmosphere. 

Carbon is captured through photosynthesis, so increasing the time plants are photosynthesizing increases the amount of carbon captured.

“If you’re growing corn and then you come back and you grow rye behind it, you’ve just moved from a single-cropping carbon system to a double-cropping carbon system,” 阿姆斯特朗说. “Two different crops, two different plants, two different sets of roots in the ground, multiple periods of time, causes greater photosynthetic capture of carbon. Then the potential increase in soil organic carbon, the conversion from those plants into some semipermanent pool of carbon, that generates what we call a carbon credit.”

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Cover crops like this rye can capture carbon. / Photo by Jay Stone

How markets work

在全国范围内,你.S. 农业 has the potential to store as much as 187 million tons of carbon, 阿姆斯特朗’s research shows. 

Carbon credits can be bought and sold. A company can buy a carbon credit from the government, allowing that company to generate defined quantities of carbon dioxide gasses. Or, the company can buy carbon offsets from other non-governmental entities. 

A farmer who is generating carbon credits can sell them as offsets to an entity looking to reduce its carbon footprint. 

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Source: Purdue University-CME Group Ag Economy Barometer, 2021 Surveys

Why are farmers hesitant?

汤普森, an associate professor of agricultural economics at Purdue, said farmers have been slow to enter the carbon markets. He cited data from the Purdue University/CME Group Ag Economy Barometer, a survey of 400 farmers about their sentiments regarding the farm economy.

汤普森 noted the survey pool is generally representative of U.S. 农业, and it shows that between February 2021 and August 2022, less than 9% of respondents had discussions with companies about receiving payments for capturing carbon. 小于1.5% entered into contracts to sell their carbon as offsets.

“These markets are in their infancy,” 汤普森 said. “There are a lot of unknowns, a lot of details that need to be figured out.”

很大程度上, farmers have been slow to enter the carbon market because the money being offered falls short of offsetting the cost of adopting carbon-capturing practices. Current prices, 汤普森 said, range between $10 and $20 per metric ton (2,205 pounds). 

The cost to convert from conventional tillage to conservation tillage is about $40 per acre. 汤普森 said if a farmer is capturing 0.5 metric tons per acre, that farmer would have to sell at a price of $80 per acre to cover the cost of conversion. 

“It all relates to economics in terms of cost vs. benefits,” 汤普森 said. “There’s quite a bit of work left to be done on the price side.”