An ag economist says carbon markets have potential for farmers to earn added income, but cautions knowing what’s expected before committing to contracts.
Brent Gloy with Ag Economics Insights, and a Nebraska farmer, tells Brownfield true emission reductions purchased should be permanent, verifiable, and without leakage where offsets could be lost somewhere else.
“Let’s say you have a forest, and you agree not to cut down those trees, that may just encourage someone else in another part of the world to cut their trees down,” he explains.
