In response to community expectations and developments in global climate change policy, industries are measuring their carbon footprint and taking steps to reduce it. In agriculture, this can be achieved through carbon farming.
Continuing our more than 180 year history of helping Australian farmers manage and improve their businesses, Elders has developed a Carbon Farming Service. Combining our renowned best-practice agronomy and livestock production services, with the knowledge of our carbon farming specialists, this service will enable eligible properties to participate in the Australian Government’s Carbon Farming Initiative.
What is carbon farming – how does it work?
The Carbon Farming Initiative allows for formal recognition of the change in carbon emitted or stored, and assigns “carbon credits” based on the tonnes of carbon reduced or sequestered. Once generated, these carbon credits can be used to offset existing business emissions and make an enterprise carbon neutral, or be sold (domestically or internationally) to generate income.
Australian agriculture has a huge opportunity to participate in activities that generate carbon credits while positioning our industry as a global leader in sustainable agriculture. All registered carbon farming projects are administered through the federal government Clean Energy Regulator.
Registered carbon farming projects that are able to generate credits must align to one of the accepted methodologies. The most commonly applicable to Australian agriculture are:
- Soil carbon sequestration methodology
- Beef cattle herd management
- Human induced regeneration of native forest
- Avoiding clearing of native regrowth.
Elders Carbon Farming Service
There’s so much information about carbon farming to understand. But you needn’t do it alone.
Elders has the knowledge and experience to help you plan, implement and manage your carbon farming project.
We have carbon farming specialists across the country, supporting our technical agronomy and livestock production services. They will work with you to plan and implement your carbon farming project. Unlike other services, the Elders Carbon Farming Service is based on an upfront fee-for-service model, so you don’t lose the full benefit of your hard-earned carbon credits.
The Elders Carbon Farming Service can be broken down in to stages:
Your initial meeting with our carbon farming specialist is conducted to evaluate your eligibility to participate in carbon farming. This meeting will:
- Review of the enterprise type, size and current management practices
- Determine the relevant practice change that may be applied and be eligible for carbon farming.
- Prepare a proposal of work focused on the practice changes to be implemented.
Our carbon farming specialist will work with you to plan and generate a land management strategy. This includes:
- Mapping of the project area.
- An outline of management strategies to be implemented.
Our carbon farming specialist will guide you through the registration of your carbon farming project with the Clean Energy Regulator.
- We will then help with the registration and auditing of the project with the Federal Governments Clean Energy Regulator.
Baseline soil sampling is conducted. This includes:
- Soil samples being taken from randomly generated GPS points as provided by the Clean Energy Regulator.
- 34mm diameter soil core taken to 1m depth, recorded and sent to the lab for analysis.
- Soil Carbon and density calculations to determine total tonnage of baseline carbon across designated project area.
You work with your carbon farming specialist and local Elders team to implement the management change on your farm.
- Undertaking one or more management changes (from the approved options scoped in the registration) as outlined in the Land Management Strategy.
Subsequent sampling and estimation of carbon sequestration occurs.
- At two to five year intervals after the project commences, request for measurements can be made.
- GPS points are generated by the Clean Energy Regulator to nominate where soil cores must be taken.
- Soil cores are taken and analysed
- Total carbon content of the soil is calculated, and the difference compared to the baseline measurements is determined.
You receive carbon credits:
- Based on the change in total soil carbon content over time the total amount of carbon sequestered is calculated.
- 1 tonne of soil carbon = 3.67 tonnes CO2 equivalent= 3.67 Australian Carbon Credit Units (ACCU’s)
- Credits are administered into a private account in the name of the landholder and can be:
1. Sold direct
2. Sold at auction
4. Used to offset private enterprise emissions.
Interested in a carbon farming solution for your business?
Disclaimer: This information is general and may not apply to all situations. We suggest you seek independent financial advice or speak with your financial advisor before formalising any agreements.
Need more information?
Read our Frequently asked questions to learn more.
Watch the Elders Presents seminar on carbon farming.