The price is wrong: Researchers explore farmers' interests in carbon markets
Researchers from South Dakota State University studied farmers' interest in carbon markets for achieving "net-zero" carbon emissions by 2050 or 2060. They found that increasing carbon prices could boost farmer participation, emphasizing the importance of education programs.
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Researchers from South Dakota State University have delved into farmers' interests in carbon markets as part of the global push towards achieving "net-zero" carbon emissions by 2050 or 2060. The study focuses on the utilization of soil as a key resource for carbon removal through climate-smart farming practices. Despite the availability of carbon programs that pay farmers to adopt these practices, a significant percentage of farmers remain hesitant due to economic costs. The research team found that increasing the price point of carbon markets could significantly boost farmer participation rates. The study highlights the need for more education programs to inform farmers about the benefits of carbon program enrollment and the importance of reducing costs associated with adopting these practices. By increasing carbon prices, the researchers suggest that more farmers could be incentivized to change their practices, ultimately contributing to the broader goal of reducing carbon emissions.
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