Truterra, LLC, the sustainability business of Land O’Lakes, has announced the opening of an additional signup period for its 2022 carbon program. Truterra had its initial enrollment in December 2021 and is looking to drive additional supply through this second opportunity to meet buyer demand. After successful verification, farmers can earn up to $25 per ton upfront for new carbon stored in soils.
The 2022 Truterra carbon program builds on the results generated by its 2021 program, which resulted in more than $4 million in payments to participating farmers, who sequestered over 200,000 metric tons of carbon. Truterra offers farmers greater earning potential by paying based on results – actual carbon stored – rather than a set payment per acre.
“We are extremely proud to be putting money directly in farmers’ pockets for the work they are doing to store carbon in their soils,” said Jason Weller, President, Truterra. “We continue to learn from farmers and ag retailers and improve our program to best fit their needs and support their transitions to more sustainable practices that will hopefully open up new profitability opportunities for their operations and improve their soil health for the long-term.”
Truterra recently announced it would be continuing its relationship with Microsoft as a buyer of carbon dioxide removals in 2022 and 2023, in addition to its purchases through Truterra’s 2021 program.