Corteva
Corteva’s Carbon Initiative uses Granular Insights to calculate the carbon benefits of implementing new practices. Credits are sold through a partnership with Indigo Ag to enable farmers to maximize the value of their soil health practices.
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| Year Organization Established a Carbon Program | 2021 |
| Affiliated Organization Type | Seed and Crop Protection Compamy |
| Affiliated Organizations |
Indigo (verifies and measures carbon credits for the program), Nori |
| Buyers secured | |
| Payment Basis to Farmers | $/ton |
| Payment Amount and Details | The guaranteed minimum price is $20/mt of CO2e Through the partnership with Indigo Ag, Producers will receive at least 75% of the carbon credits’ value so they can capture market upside benefits. Credits vest over a five-year period. Producers are paid 50% of the credits in year one, 20% in year two, and 10% in years three, four, and five. |
| Agricultural System Focus | Cropland |
| Eligible States | |
| Eligible Practices | Reduced tillage, cover crops, improved nitrogen timing, and increased biodiversity |
| Contract Length | 5 years |
| Contract Details | Enrolled fields can be changed when necessary. If Producers are unable to implement a practice, Corteva does not ask for a refund, but will pause payments until practice is resumed and Producers demonstrate net-new carbon sequestered above established baseline. Producers can opt out anytime but forfeit any unvested payments. |
| Monitoring, Reporting and Verification (MRV) | MRV requirements are driven by CAR protocol requirements. Indigo Ag uses third-party verifiers. Indigo Ag pays for the cost of sampling and certification. Sampling only measures carbon; it does not include other fertility or soil testing. |
| Digital Tools for MRV | Granular Insights is the tool that Producers use to collect and submit data to Corteva. Granular Insights is a free digital tool provided by Corteva. |
| Qualification/eligibility criteria | Producers must implement a new practice in the prior growing season to enroll in the program. Eligible crops include Barley, Canola, Corn, Cotton, Dry Edible Beans, Dry Field Peas, Flax, Oats, Peanuts, Rye, Sorghum, Soybeans, Sugar Beets, Sunflowers, and Dry Wheat |
| Minimum Acreage | |
| Must land be owned? | Producers will need to confirm that they manage the enrolled fields in the contract. |
| Minimum Data Requirements | Data required, in addition to the initial three to five years of historical data: Field boundaries/land data. As-planted data by crop type and date. Fertilizer application data covering products, rates, type, and date. Tillage data by type/implement and date. Harvest data covering yield, date, and harvest product. Cover cropping (if applicable) by type, planting, termination date, and termination type. Irrigation. |
| Years of management practice data needed | 3-5 years of historical data |
| Does the program pay for past practices? | |
| Additional information | |
| Payment Calculator |
Corteva’s Carbon Payment Calculator |
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Program information was validated by a program representative in November 2022.