Carbon Sequestration: a Potential Source of Income for Farmers

Concerns regarding climate changes due to human activities have largely increased in the past few years. Scientists believe that atmospheric build-up of greenhouse gas (GHG) lead to climate change. The agricultural industry could play a role in the reduction of atmospheric GHGs by sequestering carbon through crop production, rangeland and afforestation offsets. However, there is a limited economic opportunity for landowners to participate in the carbon market as carbon prices have ranged over the years between $2 to $5 per tonne and currently is around $6 leading to returns on the order of $1-5 per acre