Farmers Rewarded for Adopting Climate-smart Practices

  • Author: ChemistryViews
  • Published: 22 July 2020
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA
  • Source / Publisher: Bayer AG
  • Associated Suppliers: Bayer AG, Leverkusen, Germany
thumbnail image: Farmers Rewarded for Adopting Climate-smart Practices

Today farmers get rewarded for their food, feed, and fiber production. Bayer announced to start rewarding selected farmers in Brazil and the US for generating carbon credits by adopting climate-smart practices. The company believes that incentives for farmers to no-till, precision nitrogen use, or cover crops will help sequester carbon in the soil, reduce fossil fuel usage, and lower greenhouse gas (GHG) emissions.


The 2020/2021 season of the Bayer Carbon Initiative will include approximately 1,200 farmers in Brazil and the US. In both countries, farmers will receive assistance in implementing climate-smart agricultural practices. Bayer will acquire the carbon removals created by those practices at transparent prices. The company is also collaborating with partners such as Embrapa (state-owned Brazilian Agricultural Research Corporation) to build a viable carbon market for farmers.


The company plans to expand the program in the US and Brazil to other farmers and then later into other world regions with tailored approaches that will allow growers to choose what climate-smart practices and implementation works best for them. Bayer believes that in Europe, this approach could be adapted as part of the European Green Deal, and, in the Asia-Pacific region, it could help to increase the productivity of small farmers and reduce methane emissions from rice farming.


 

 



 

Article Views: 540

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

Bookmark and Share

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission. more


CONNECT:

ChemistryViews.org on Facebook

ChemistryViews.org on Twitter ChemistryViews.org on YouTube ChemistryViews.org on LinkedIn Sign up for our free newsletter


Magazine of Chemistry Europe (16 European Chemical Societies)published by Wiley-VCH