BASF will establish a program that allows farmers to track and profit from practices reducing CO2 emissions. The carbon farming platform BASF will be launched in phases starting in 2022.
The Global Carbon Farming Program, as the program is officially called, will promote sustainable agricultural practices. It will also foster the best use of BASF’s holistic portfolio for farmers – from seeds, traits, innovative chemical and biological crop protection products, to digital farming and fertilizer management solutions.
The program is to help farmers to reduce on-farm emissions and sequester more carbon into the soil. In addition, BASF will build the global framework to allow farmers to generate carbon credits from recognized certifiers that will lead to second revenue streams from their carbon reduction efforts.
BASF Agricultural Solutions recently started first multi-year field trials. They are focused on sustainable agricultural practices, carbon sequestration in the soil and reduction of emissions at farm level. The results of the trials are to lead to offers that allow farmers to capture synergies from innovative BASF technologies, the power of digital farming through utilization of the xarvio platform and the use of the company’s internationally recognized sustainability assessment tool, AgBalance, to assess the data and derive informed decisions to improve sustainability.
The day is coming when most farmers in the developed world will earn money from storing carbon dioxide in their soils, but when and how much? It all starts with carbon measurement. Read the article: How to make money from carbon soil sequestration?