The Economic Opportunity of Farming Carbon - The Ag Podcast
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While Canada’s carbon market scene is far behind that of Australia and Europe, it is developing into a new economic avenue for farmers, where getting compensated for climate-smart farming practices is a real possibility. However, there remains a lot of uncertainty around this emerging opportunity. What is it? How does it work? And can it be trusted?
Host Crystal Mackay chats with Marty Seymour, CEO of Carbon RX, about agriculture’s “pineapple on pizza” debate: the carbon market. Chapters: 00:00 Introduction to the Carbon Market in Agriculture 01:48 Meeting Marty Seymour 03:00 The origin story of the Canadian carbon market 04:44 Keeping politics out of the carbon market 06:05 Keeping carbon in the soil 08:05 Zero Till and Cover Crop as Foundational Practices 09:15 Measuring organic matter in the soil 10:57 Measuring carbon, collecting data, increasing fertility 12:40 Verifying the data 13:35 Monetizing the credits 14:02 Pooling Carbon Credits and Market Opportunities 15:50 How long does the process take? 17:30 The economics of carbon credits 20:00 The advantage for larger farms 23:48 The Future of the Carbon Market 24:55 Carbon insets and offsets 26:00 Marty’s motivation 29:04 Advice for Farmers in the Carbon Market Links: Video: Carbon Farming 101 https://www.youtube.com/watch?v=wRY8hujkNMM&t=72s Guide: Carbon Offsets for Farmers (Smart Prosperity Institute) https://institute.smartprosperity.ca/carbon-offsets-for-farmers Blog: Demystifying Agricultural Carbon Markets (Smart Prosperity Institute) https://institute.smartprosperity.ca/AgriculturalCarbonMarkets Video: Climate-Smart Farming Initiative - Saskatchewan Pilot Project (CANZA) https://www.youtube.com/watch?v=A5yUhR0RKv0&t=5s Credits: Host: Crystal Mackay https://ca.linkedin.com/in/crystal-mackay-683b26a Producers: Meredith Martin https://twitter.com/meredithmartin and Cara Stern https://twitter.com/carastern Production coordinator: Rebecca Babcock https://ca.linkedin.com/in/rebecca-babcock Music: Dustin Stern http://dustinspace.com The Ag Podcast is produced by Generate Canada https://generatecanada.ca/ with support from Co-operators https://www.cooperators.ca/en/insurance/farm and the Smart Prosperity Institute https://institute.smartprosperity.ca/ Questions or comments? Reach out to us at info@canza.ca