background image

‘Low ROI’ still the top reason farmers won’t engage in carbon projects, says Purdue survey

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on AgFounder news or enjoy below:

🗞️ Driving the news: A Purdue University/CME Group Ag Economy Barometer report reveals that nearly 10% of farm producers have engaged in discussions about carbon capture, with low returns on investment (ROI) cited as the main deterrent for greater participation in carbon sequestration projects

🔭 The context: The rate of engagement in carbon contracts among producers has remained consistent over the years, with economic and logistical challenges being significant barriers
• The survey draws on monthly responses from U.S. agricultural producers

🌍 Why it matters for the planet: Carbon sequestration projects in agriculture offer a method to combat climate change, but low financial incentives hinder broader adoption among farmers, impacting the potential for these projects to contribute to carbon reduction efforts significantly

⏭️ What's next: The persistent low engagement highlights the need for improved incentives and support structures to make carbon capture initiatives more appealing and financially viable for farmers

💬 One quote: "The most consistent complaint that participating farmers raised about carbon markets was that the payment was simply too low," from a 2023 Nature report on farmer sentiment towards carbon markets

📈 One stat: Only 8% of survey respondents in January 2024 reported having discussed carbon capture and contracts, reflecting a steady yet low interest over recent years

Click for more news covering the latest on Environment Sustainability

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)