In Massachusetts, Indigo Ag announced major updates to its carbon program which will maximize financial returns for farmers and agribusiness partners, simplify the participation process, and open doors to new sustainability markets stretching from carbon and Scope 3 programs to realizing the value of biofuel tax credits like 45Z.
Among the significant changes to the program is the increasing value per acre. More precise at capturing what is happening on the farm, Indigo’s Carbon program will produce more carbon impact per acre starting with the upcoming 4th carbon crop. With enhanced data and model performance, many fields are expected to see a notable increase in credit generation, in some cases as much as 40-60%. Additionally, carbon credit prices have increased from $20-$40 per credit to as high as $80 per credit, with 75% of the weighted price for a carbon credit crop going back to the farmer.
Indigo Ag’s data collection experience is also set to become 80% more efficient with farmers now able to submit data in as little as 30 minutes, compared to the previous multi-day processes.
Tags: biofuel tax credits, Indigo Ag, Massachusetts
Category: Fuels
