Farmers Edge, a global leader in digital agriculture, today announced a partnership with Radicle Group Inc. (Radicle), the largest developer of agricultural carbon credits in North America, to create a new, high-tech carbon credit program powered by real-time field data.
Together, the two companies form a unique advantage; the partnership combines robust digital infrastructure and proven carbon credit expertise to deliver a highly precise program that will provide growers with field-level sustainability scores, intelligent greenhouse gas (GHG) management tools, and superior market access.
Growers are increasingly challenged with producing more and staying profitable while improving sustainability and reducing GHGs. Carbon credits, for which prices vary depending on where they are generated and sold, are a strategic way for growers to bring additional revenue.
The biggest hurdles for growers looking to generate carbon credits are detailed data and complex reporting requirements. Farmers Edge and Radicle will use standards defined by existing protocols, but their data-driven, automated approach transforms the experience for growers, from collection to reporting to payouts.
Carbon offsetting is not new territory for either company. Since 2015, Farmers Edge has actively supported growers through the Conservation Cropping Protocol and Radicle has successfully generated over $53 million for Canadian growers.
Under the terms of the partnership, the project will roll out in multiple phases, starting with streamlining existing programs in Canada and evolving into the US market. Radicle will manage the credit development process with a focus on maximizing the value of carbon credits for growers. Farmers Edge will provide the technology for carbon management, including tools to measure sustainability metrics, quantify soil health, track agronomic practices, and identify which carbon credits growers can qualify for.
“At the heart of our business has always been a deep commitment to sustainability,” said Wade Barnes Farmers Edge CEO and co-founder. “Radicle shares that value, and by working together, we can deliver a premium program that helps growers generate carbon credit revenue with more assurance and less paperwork. Our unique digital infrastructure can validate sustainability metrics in near real-time, reducing risk and creating more market stability for all stakeholders. We want to help growers get rewarded for their land stewardship without making them take on all the extra work that’s typically required, and this high-tech program does just that.”
“We’re excited to be working with Farmers Edge to create a system that will make it easier for growers to participate in environmental markets,” said Alastair Handley, President of Radicle. “This new market access will provide an additional incentive for growers to implement sustainable solutions that sequester carbon in the soil. Reducing emissions while providing food more sustainably to consumers is a reason to celebrate, and growers should be rewarded financially.”