A new coalition will focus on carbon capture and its effect on agriculture.
Former House Ag Committee Chairman Collin Peterson is a senior advisor for the American Carbon Alliance. He tells Brownfield the goal of the coalition is to educate, because two new carbon sequestration tax credits included in the Inflation Reduction Act is making carbon profitable on the farm.
“Carbon is now worth $85/ton because of that law and now, there will be an enhanced price in the marketplace due to what’s happening overall with climate change and so-forth.”
Peterson says as farmers implement sustainable farm practices to sequester carbon, ethanol producers can lower their carbon index score, an energy rating that measures carbon, and build demand for renewable fuel.