Cargill to pay farmers $20 per metric ton of carbon emissions reduced
Cargill is planning to pay farmers $20 per metric ton of carbon emissions they reduce through regenerative agricultural practices.
The company intends to pass the “green” credits on to its customers.
The Cargill RegenConnect project would hook up Cargill’s food processor customers with the grain and other commodities produced by farmers who practice carbon-reduction techniques.
Customers with sustainability goals relating to greenhouse gases could then incorporate the carbon savings from the farmers into their compliance statistics.
The RegenConnect project is part of Cargill’s efforts over more than a decade to persuade farmers to practice more sustainable agriculture.
Ben Fargher, vice president of sustainability in Cargill’s North American agricultural supply chain, said the changes they would make at the roots of our supply chains will deliver the greatest impact in reducing emissions, improving water quality, sequestering carbon, and building the resilience of soils for the next generation while delivering higher yields.
Cargill is working hand-in-hand with farmers to lead the way, supporting them with tools, resources, and market access to make the shift to regenerative agriculture.”