Dec. 10, 2024
Leading sustainable agricultural solutions company Indigo Ag has agreed to provide global climate finance company Catona Climate exclusive access to 250,000 credits from a highly-rated US-based regenerative agriculture soil carbon project.
In what amounts to the largest reservation of credits from Indigo Ag’s carbon program by a single partner, the agreement will give Catona Climate customers access to credits generated by US farmers who adopt regenerative agricultural practices — such as planting cover crops, diversifying crop rotation, and reducing tillage — that abate emissions and sequester carbon in the soil. With over 7 million acres of row crops enrolled and nearly 300,000 credits issued to date by the Climate Action Reserve, it represents the largest broad-acre regenerative agriculture soil organic carbon project in the United States.
″We’re delighted that Catona Climate, known for their high-quality nature-based carbon credit portfolio, has chosen to work with us as we gear up to deliver our largest ever carbon crop,″ said Indigo Ag CEO Dean Banks. ″This deal not only represents a strong vote of confidence in our thriving program but also in soil carbon as an asset class. It reflects the increasing maturity of the market and will generate further confidence in the long-term durability of soil carbon projects, which is great news for the farmers and agribusinesses benefiting from this promising new revenue stream.″
Banks added, ″Catona Climate will be a key partner for us in meeting the multi-year ambitions of buyers and ensuring that farmers are properly rewarded for their efforts to improve soil health. In turn, this will contribute to the sustainability of their farms as well as helping to mitigate the threat posed by a changing climate.″
Indigo Ag, a leader among US carbon project developers that has repeatedly generated registry-issued nature-based agricultural soil carbon credits at scale, is helping to create a new market segment offering unprecedented opportunities for farmers and businesses to access the value of nature-based carbon credits.
Indigo Ag’s scale and innovative, high-integrity approach drew the attention of Catona Climate, which has consistently maintained a focus on sourcing, financing, and helping develop the highest-quality credits from nature-based climate solutions. Additionally, the project received a BBB rating from BeZero (putting it in the top 20% of all projects rated for quality on the platform) which is an additional point of validation for many buyers.
″When major corporate buyers come to us looking for long-term climate solutions, we pride ourselves on offering a portfolio of credits representative of the highest levels of quality and integrity in the market,″ said Catona Climate CEO Tate Mill, ″generated from projects that not only deliver real and measurable climate impact through carbon sequestration, but also have positive impacts on local environments and communities.″
Noting a host of ecosystem benefits — such as improved soil health and water quality, higher crop productivity and yield, resilience to extreme weather events, and improved habitat and species diversity — as well as 75% of revenue from carbon sales going directly to participating farmers to support long-term financial sustainability, Mill added: ″Utilizing one of the world’s most effective carbon sinks, combined with delivering meaningful benefits to current and future generations for farmers, make this a project we’re very proud to support.″
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