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

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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

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