Land O’Lakes says US Carbon Farming Payouts top $5 million in 2022

CHICAGO – Truterra LLC, the carbon farming and sustainable agriculture unit of Land O’Lakes Inc (LNDLK.UL), paid U.S. farmers $5.1 million in 2022 for capturing and storing 262,000 metric tons of carbon via sustainable practices, the company announced on Wednesday.

The payments to 273 growers enrolled in its carbon program were up from about $4 million paid out in 2021 for sequestering 200,000 tons of carbon, the U.S. farm cooperative said in a release.

The program is among a growing number of offerings from agricultural companies such as Corteva Inc (CTVA.N), Bayer AG (BAYGn.DE) and Cargill Inc (CARG.UL) which aim to capitalize on rising demand for environmental credits while making farms more sustainable.

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