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| Hi BK (and anyone else interested in C/ecosystem service markets),
I encourage you to attend the event on Friday 2/12 described at the following link (and attached flier) and ask Qs.
https://ilsustainableag.org/wp-content/uploads/2021/01/CarbonMarketF...
I recently talked with someone associated with 1 of the 4 marketplaces that will be represented at this event.
I asked about accountability and learned that for this particular marketplace the general plan is as follows.
step 1: baseline testing for soil C
step 2: baseline C data and farmer practice info is entered into a computer model that predicts C sequestration
step 3: farmer receives payments for several years based on model prediction
step 4: enrolled fields are retested and additional payments are adjusted (upward or downward- potentially to 0) based on the results of this testing. Farmers are NOT required to pay back into the system if C has NOT accumulated as predicted. Model is adjusted for new contracts using new soil test results.
Joel
WIU Agriculture
Edited by jbgruver 2/6/2021 11:37
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what if carbon does not collect as thought/intended?
