AgraGate Climate Credits Corporation is now accepting applications for a new, five-year carbon credits contract that includes a bonus option for a sixth year for qualified land. The Des Moines-based company, a subsidiary of the Iowa Farm Bureau, made the announcement November 16.
The 2008-2012 contract is for cropland farmed with continuous no-tillage or strip-tillage practices, or with new grass plantings since January 1, 1999. The contract also has a bonus provision for operators who used the conservation tillage practices in 2007, according to Dave Krog, AgraGate CEO.
"The new contract includes an option for an additional year of credit for cropland that was no-tilled or strip-tilled in 2007," Krog says. "If the tillage practices qualify and can be verified the operator could sign up for six years of credits."
You can get paid for carbon credits
AgraGate collects carbon credits from farmers, ranchers and private forest owners, assembles the credits into large bundles, and then sells them on the Chicago Climate Exchange. The CCX emitting members have made a voluntary – but legally binding – commitment to meet annual greenhouse gas emission reduction targets.
Those who reduce emissions below the targets have surplus allowances to sell or bank; those who emit above the targets can comply, in part, by purchasing CCX Carbon Financial Instrument contracts such as those offered by AgraGate. Carbon dioxide emitters must reduce emissions internally by at least 50% before they can use offsets from agriculture and other sources.
AgraGate, a wholly-owned subsidiary of the Iowa Farm Bureau, is the leading aggregator of carbon credits from agriculture. On behalf of farmers, ranchers and private forest owners, the company has marketed carbon credits from more than 1.5 million acres in 24 states on the Chicago Climate Exchange. For more information on the new 2008-2012 cropland soils contract, call AgraGate at 866-633-6758 or visit www.agragate.com.