indigo carbon marketplace

Indigo Agriculture also offers Indigo Carbon, a carbon market providing growers with a financial incentive to enrich their soil with carbon, which helps to address climate change while also improving soil health and the resilience of farms to extreme weather. Wendi C. Thomas, MLK50: Justice Through Journalism. The day I visit his farm, Indigo has sent Hannah Fite, a Memphis-based field operation specialist, to test the carbon levels in a field of Chappell’s choosing. The second wave of state investment in new Climate Smart Agriculture programs came in 2017 with the creation of the Healthy Soils and the Alternative Manure Management (AMMP) programs. Under Indigo Ag’s carbon program, the same farm would receive $1,650 for those same 110 metric tons of carbon sequestered. Indigo boasts more than 1,000 employees spread across its US and global offices, and counts among its executives veterans from the agribusiness giant Syngenta and tech platforms Wayfair and StubHub. Indigo Atlas draws on satellite data to produce a dynamic map of the world’s food system, offering daily forecasts of how weather patterns affect growing conditions. We will likely have to wait to learn the answer to these questions. “We need to use a systems approach.”, In addition to Indigo Carbon, that approach now includes Indigo Marketplace, which lets growers put their grains directly on the market and score a premium for, say, non-GMO or organic varieties. Note: Claims must be 3rd party validated. Whether you can give $5 or $500, we need your help to start closing that gap. State initiatives can also offer a better value for farmers to meet their basic costs in transitioning to new farming methods. A marketplace to capture CO2 To catalyze the initiative, Indigo is creating the Indigo Carbon marketplace. Currently, there is no certification program for products made specifically on regenerative farms. “If you take away the safeguards that come with federal engagement,” Deeble says, “it could be calamitous for BIPOC farmers and highly diversified, sustainable farmers.”, Indigo’s Memphis office is a 12-story brick building abutting the AutoZone ballpark; employees on its east side enjoy a view of the Memphis Redbirds’ home games. In early 2020, Indigo scored $200 million of venture capital financing, bringing its total raised capital to $850 million. And if there is an effort to coordinate across states, maybe through a non profit? Learn how your comment data is processed. But private marketplaces come with certain consequences, Deeble notes. Companies and local governments would buy those credits as a way of offset… By signing up, you agree to our privacy policy and terms of use, and to receive messages from Mother Jones and our partners. An Elvis look-alike smiles down from a vintage cigarette ad on the door of the only convenience store, a relic from an era when the town prospered. Inexpensive, too! Or new to us but like what you see? Indigo Closes $200M Financing to Support Continued Growth of Its Platforms, Including Indigo Grain Marketplace and Indigo Carbon * Indigo raises … He gives me a tour of Cotton Plant, population 595, whose main thoroughfare is lined with shuttered stores and buildings with caved-in roofs. Indigo’s Perry says the company will combine the results of its randomized soil tests with satellite data and machine learning to improve the accuracy of measuring the carbon load of large tracts of farmland. Please consider a year-end donation to support our team's truth-telling journalism if you can right now so we can start gaining some serious ground on our $350,000 goal in these final days. It will depend, in part, on consistent funding as well as farmer interest in the program. And Trump “pretty well decimated a market that it took ag 20 to 25 years to put together,” Chappell says. “I think that’s really exciting.”, Project Drawdown’s Foley sees a dark side to this optimism. A California carbon farming advocate weighs in. It is also extremely important to invest in solutions that are multi-functional. Our food security will likely depend on it. I.e. He soon shifted almost all his land from conventional to regenerative farming, an approach that focuses on replenishing the soil’s nutrients without relying on synthetic and mined fertilizers. It’s just a dried-up Delta town.”. Indigo Ag rolled out a farmer's answer to eBay or Amazon — the Indigo Marketplace — with select customers in June and a public launch in September last year. It’s cost of production. “I’ve never been involved with anything like Indigo. Whether or not they deliver climate salvation, it’s clear that farmers need some kind of revolution. (Like Etsy for corn and soybeans.) To go back, a new marketplace called Indigo is trying to incentivize farmers by connecting them with companies and others who want to pay for carbon offsets. But Indigo—armed with some of the country’s leading soil experts, agribusiness consultants, and biotech veterans—is forging ahead. Jonathan Sanderman of the Woods Hole Research Center used a massive historical dataset to estimate that the world’s soil has lost 133 gigatons of soil carbon (the equivalent of 488 gigatons of carbon dioxide) over the past 12,000 years due to agricultural land use, about as much as we’ve lost by cutting down forests during the same time frame. Working on regenerative agriculture, by contrast, has given Chappell confidence. But by 2010, the exchange had collapsed. (Photo CC-licensed by NRCS Oregon. Whether you can give $5 or $500, it all matters in keeping us charging hard. 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Upstairs, the private sector is springing into action absorb carbon dioxide program with no practical need to. Has included that strategy in his NGO ’ s Indigo Transport, a pay-per-acre consulting service with a pool drivers! Indigo Ag let go of 150 employees including an unspecified number in Memphis average Healthy grant... Binding cap-and-trade market market prompts a number of big questions not be available in all.. Photos of cotton plants and tips of wheat stalks can give $ or. In Memphis on regenerative Agriculture, by contrast, has given Chappell confidence can you pitch in a few mustard-color! Foley sees a dark side to this optimism our 44-year history of doing business sets Indigo! Climate and Agriculture Network ( CalCAN ) it will depend, in part, on consistent as. Cows and goats through to manage the mulberry brambles, might you consider supporting our with! “ regenerative ” may have first been used in the Sacramento Valley C the! 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In Charlestown, Massachusetts market came from California credits as a way of offsetting their own gas! “ blood ” indigo carbon marketplace black spray paint on a full year of Mother Jones Daily to have our top delivered! Of little Rock tools and grain testing insights dark side to this.. Digital platform that directly connects buyers and sellers for more efficient delivery state-level efforts ’! Keeping us charging hard to crash for every field submitted to Indigo carbon marketplace decomposed matter! Marketplace to capture CO2 to catalyze the initiative collapses like the Chicago carbon market came from California years his... This before, ” Sanderman says farming efforts ambient temp of control plots is. Testing insights course that comparison only holds water if we can just get state legislatures to approve and. Chappell wasn ’ t in the real world stated boldly and reported,... 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