The US Farm Sector is Gearing Up to Cash In on Climate Action

Carbon market and Soil Sequestration-mania is set to funnel big financial gains from carbon-emitting industries to farmland owners. But what does it really mean farmers?

As my friend Rhishi over at Software is Feeding the World so aptly wrote recently, “Everyone and their brother has a carbon market.”

Among the group frantically hoping to set up private markets are the venture capital darling Indigo Ag, Nutrien, the EcoSystem Market Consortium, Bayer’s Carbon Initiative, and the COMET-Planner, just to name a few. Even new advisors on Biden’s agriculture transition team want the US Department of Agriculture in on the action.

The basic idea behind carbon markets is simple; carbon-emitting companies and industries will pay farmers to sequester carbon in their soil to offset emissions, and this will create a market for carbon sequestration credits. Sounds great, right? Big companies like Amazon and Exxon can go on, business as usual, and offset their enormous impact on the environment by funneling money to farmers to suck their sins right out the air and bury them in the soil.

But the thing is, no part of this solution is as this simplified description would…