A lot of folks are being approached by brokers, which are sort of people serving as middlemen between big companies looking to purchase these carbon credits and the landowners who might be able to undertake some of the practices.
But there are certain practices that can be undertaken that increase the amount of carbon in the soil.
So, as far as farmland goes, that may look like either reduced ttill or no till farming, where they’re not plowing a field, they’re leaving some of that organic matter or biomass on the top of the soil.
Are you able now to sign up for one of these contracts and get the benefit of that? Or is the contract only available to people who would make that change now? That’s real depended on the contract and the company.
I hate to give you the typical lawyer answer, but it really just depends on the contract, and they’re structured in a number of different ways.
There are things in here that are different than if you’re signing a contract to sell your wheat, or sell corn.
I think another really important thing is to look at any sort of penalties in the contract, if for some reason you’re unable to engage in the practice, or just the amount of carbon you anticipate being able to add.