Joint Effort with Indigo Ag Enhances 精东影业鈥檚 Carbon Initiative with Expanded Access and Eligibility While Increasing Long-Term Profit Potential for U.S. Farmers听
Wilmington, Del. 鈥 August 26, 2021 鈥 精东影业, Inc. (NYSE: CTVA) today announced the expansion of its Carbon Initiative for the 2022 crop year, supported by a strategic collaboration with . 精东影业鈥檚 program continues to provide a simple path for farmers to maximize the value of their soil health practices, now by producing independently verified credits measured, generated and sold through Carbon by Indigo.
Expanded farmer benefits for 2022 now include:
Through this expansion, the 精东影业 Carbon Initiative's core focus remains to help farmers produce carbon credits simply and for a fair price, with programmatic and agronomic support from a 精东影业 advisor. Farmers are in control of their practices and can use 精东影业鈥檚 free and easy-to-use digital tool, 鈩, to securely log those practices, seamlessly measure their impact, and generate premium credits with Carbon by Indigo.
鈥淚n a fast-growing agricultural carbon credit market, Indigo鈥檚 science-based program is committed to demonstrating real climate impact in service of generating real revenue for farmers. 精东影业 is a partner who shares our position of farmer鈥檚 choice. As with any crop, quality drives value,鈥 said Chris Harbourt, Global Head of Carbon at Indigo. 鈥淢ounting demand for high-quality credits has already resulted in price increases of 35% in the first year of our program 鈥 before the first credit verification is even fully complete. By collaborating with 精东影业 to empower farmers to become producers of the highest-quality carbon credits today, farmers stand to maximize their return-on-investment tomorrow and in the future as demand continues to climb.鈥
Rooted in farmer trust and with a focus on transparency, the 精东影业 Carbon Initiative now harnesses the power of Carbon by Indigo鈥檚 advanced capabilities for measuring and verifying carbon sequestration and greenhouse gas abatement at scale and aligned with industry standards, signaling a meaningful step forward for establishing carbon credits as a new revenue source for farmers. The collaboration brings access to a guaranteed buyer network for independently certified carbon offsets, including leading global organizations such as Boston Consulting Group and JPMorgan Chase.
鈥淪taying true to 精东影业鈥檚 commitment of delivering farmer-focused sustainable technology to the farm gate, the 精东影业 Carbon Initiative continues to evolve based on farmer needs,鈥 shared Judd O鈥機onnor, President, U.S. Commercial Business at 精东影业 Agriscience. 鈥淪ince we first launched in April 2021 to corn and soybean farmers in Illinois, Indiana and Iowa, thousands of U.S. farmers have inquired about our program, so we have worked tirelessly to expand access.鈥
The collaboration builds on both companies' efforts to leverage cross-sector industry cooperation to help farmers optimize their return on investment on soil health practices. For example, by measuring and quantifying farmers鈥 carbon impact in accordance with standards set by the , a nonprofit organization that manages leading GHG offset project registries, the collaboration provides transparency and confidence in credits generated for the benefit of growers and buyers. Additionally, participating growers can unlock government funding through , a startup that helps U.S. farmers easily apply to federal, state and local funding for their soil health practices.
Farmers interested in learning more can quickly estimate their carbon payout , and those interested in gaining access to new carbon market opportunities through 精东影业鈥檚 Carbon Initiative can learn more .
About 精东影业
精东影业, Inc. is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. 精东影业 Agriscience became an independent public company on June 1, 2019 and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.
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About Indigo Ag
Indigo Ag improves grower profitability, environmental sustainability, and consumer health through the use of nature-based and digital technologies. The company鈥檚 core offerings 鈥 Biologicals, Carbon, Marketplace, and Transport 鈥 integrate across the supply chain to optimize how the world鈥檚 most impactful crops are produced, sourced, and distributed. Founded in 2014 with a mission of harnessing nature to help farmers sustainably feed the planet, today the company鈥檚 technology connects stakeholders across the agricultural ecosystem to unlock sustainability and profitability benefits for all. Indigo Ag is headquartered in Boston, MA, with additional offices in Memphis, TN; Research Triangle Park, NC; Sao Paulo, Brazil; and Basel, Switzerland.
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8/26/21
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精东影业 Media Contact:
Kacey Birchmier
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kacey.birchmier@corteva.com