For the 2022-23 crop season the company has expanded grower eligibility to 15 states including: Illinois, Indiana, Ohio, Missouri, Tennessee, Arkansas, Minnesota, Michigan, Wisconsin, Nebraska, Kansas, Iowa, Kentucky, North Dakota, and South Dakota.
Nathan Fries, program lead for Cargill RegenConnect, said, “In our first year, Cargill has received a tremendous response from growers about RegenConnect. It is our goal to deliver a best-in-class program that is economically viable for farmers and improves their profitability through the tools, resources and market access they need to make the shift to regenerative agriculture.”
The company will once again offer one-crop-year contracts to producer customers in eligible states to sequester carbon through implementation of new or expanded regenerative agriculture practices such as cover crops, no-till or reduced-till. Eligible acres must have a primary crop of corn, soy or wheat. Farmers can choose the practices that are best suited to their operation’s unique growing conditions.
For the 2022-23 enrollment, Cargill will offer a market competitive price of $25 per metric ton of carbon sequestered per acre.
Carbon sequestration achieved through RegenConnect will contribute to its scope 3 climate commitment and also can help the company’s downstream customers achieve their voluntary carbon reduction goals. The aims to have 10 million acres enrolled in sustainable and regenerative farming programmes by 2030.