Has anyone worked with Indigoag or Nori for carbon credits? If so did it work out?

Question

Answer

Not worked with them specifically but on other forums I haven’t heard anything positive

Answer

Also looking into Indigo's carbon program. Seems legit, but I have a lot of questions, might start by signing up a few fields to get my feet wet.

Answer

Signing up don't cost nothing, you have nothing to lose. I figure if I can get some payment great, there's really no risk involved.

Answer

I started down the carbon credit road with indigo but held off signing the final agreement as I felt it was extremely vague as to timing and amount of payment.   Tried reaching out to someone there but it's a revolving door of people.   I've been through 2 reps and have no idea who the current rep. is for my territory.  Not at all impressed with the company so far.

Answer

Sorry if this has already been said. My concern would be obligating my acres at a low price early in the game. We have wind turbines and part of that was we can’t lease acres to another wind farm. Not exactly apples to apples comparison, but it makes sense that you can not sequester more than agronomically possible. I have not read this contract, but one needs to make sure they are only selling tons of C and not tying up acres.

Answer

We have been working with NORI through my day job and I am very impressed with the team. They are definitely of the under promise and over deliver mindset. It’s early days for this company but they have more demand for carbon offsets than supply from farmers.

Answer

Does that really make sense ****? Don’t be fooled so easily.

Answer

One thing you are doing is promoting this to become a regulation. Now consider that. Do you want to have to pay to be able to work your field to fix compaction problems? How about if we have to return to cultivation for weed control? What if in the northern climates you will get fined to "warm up your soil" with tillage during a cold wet spring? This is what your are supporting.

Answer

UPDATE....see my post from 4 months ago....My tune has changed after reading some of your replies.

Run, don't walk.

A while after the previous post, I logged into their field website where i drew field boundaries over a year ago. The website had all changed, They want any information you can give them on what you plant, fertilize, harvest, etc., and practices you do and/or what you changed. You then are required to prove it by uploading data to them. Seems way to tedious to me for the reward, and some of the data they want has nothing to do with carbon sequestration in my opinion...By the way it all has to be done by the end of Jan 2021 for 2019/2020 payouts...

As like **** A. above i had the figure of $45/acre in my head over multiple year payout when i signed on back in mid 2019. And, now, you have to make a change to make a field qualify. If you all ready no-till and use covers crops on that field from 2018 prior, the field won't allow to go any further into enrollment.

The multiple folks with indigo I have talked to have all been pleasant, but they can't give me a solid figure on what the practices are worth/acre. The agronomist i spoke with yesterday advised me just enroll a field and see what happens. He said the couple farms he has seen to get to the finish line have come in around $10/acre spread out over 4-5 years, but you get %50 up front!.....I tried not to laugh, i did appreciate his time...!!!!!

I plan to just wait and see what changes. They have my field boundaries, just like the government does. I am not too worried about it.

Answer

I have marketed grain through them through the marketplace and is worked out quite well.

Answer

It seems misleading to me. When I called about it, it was explained to me that your carbon credit per acre payment is paid out over 10 years. So if you qualify for say $45/acre in carbon credits, you're only getting $4.50/acre every year for 10 years. I laughed at them and said that's not enough to entice me to sign up. They tried selling me on the fact that my soil would be healthier and yield more if I did. I said I'm already mostly notill so still not a selling point to sign up for $1.50-4.50/acre/year. 
Is it possible I was misinformed by a representative? Sure, but that doesn't say much for the company if their representative doesn't have the program figured out.

On a related note, I did plant some of their corn the 2nd year they rolled it out. Complete failure. Wasn't drought tolerant anymore than anything else on the farm. Yielded in the bottom 25% of the farm, poor emergence with one of the hybrids didn't help either. Basically, paid 2x what I normally do for seed that was supposed to give me a yield bump plus the premium. Instead I fell short of breaking even on it even with the premium. Indigo basically said "too bad, nothing we can do and please stop showing pics on Twitter". No offer to work with me on price for a failure to perform or anything (yes I realize there wasn't a guarantee either). Just seemed like the higher ups didn't care to support their product any. The local rep was great to work with, just hands were tied.

Answer

We have signed multiple revisions of their “contract” over the last year. To me it felt like each revision was all about covering their butt for The vagueness of each previous contract. One of the things in This last revision explained it was just for crop ground only....no pastures, wooded areas. I had a phone conversation last spring around the same time as the revision about qualifying for the program. Questions on Farming practices we currently do, and willingness to commit to changing to qualify...like switching to no-till, reduce nitrogen rates, integrate cattle grazing, cover crops, etc.

I would dig it out the contract and post back if someone wants to hear more, but something like pay 10$/ton( don’t quote me) on how much Carbon they figure you can sequester per acre based on baseline soil tests and farming practices and more soil tests down the road to verify how well we do with carbon sequestration. A ton per year...is what rings my bell...that someone may have told me(don’t quote me). When We signed up they didn’t even know exactly how they were going to figure it. It’s not just organic mater. A guy with them came out and soil sampled some fields on a 10 acre grid this spring telling me it was for organic matter and some other test of carbon. Haven’t heard anything since. I only have a few hours tied up in drawing field boundaries on their website. That’s the only data they have of mine. I am not too concerned.  We quailifed without being asked to change anything. If We can get compensated for things we already do...no-till and cover crops...why not take it. What ever it amounts to be.

Answer

****,

You need not look any further than the technology that is used by Amazon, Google or FB.  Indigo purchased Tellus labs in 2018. It is a satellite imagery and AI company wrapped into one. They take multiple pictures of your farm each day and have taught AI what a grain bin, semi, tractor, spray rig etc. look like. They can literally see the pulse of your farm and of American agriculture on such a granular basis it is like being hooked up to a heart monitor. Just as Amazon knows you better than you know yourself based on your purchasing habits Indigo will know what needs to be done to your land better than anyone. At first glance you might say that you are eager for the help in the decision making processes of Ag, as there are many but in the end after you have handed over your soil samples, drawn boundaries etc and they have matched your land to your exact behavior on that land it will eventually be used against you.  I may sound too conspiratorial for most but often times those that are right sound crazy at first. I wish you luck with Indigo and in the meantime I am going to forfeit my $10/ton for carbon in exchange for the last bits of privacy we have left in this world. Godspeed and good luck to all.

Answer

I cannot believe how many people would take a few dollars to become a slave on their own farms. Go down this path and you will no longer have independence. Seems like people are easily giving up their independence which used to be the American dream. A warning, it is much harder to get back!

Answer

Yes, what are they going to claim for damages?   The payout is towards the end of the contract.   Trust me, that was something I focused on.

Answer

We tried Indigo, it is a joke. Background: we have no tilled for tens of years, only nh3 knifed in. They aid it was $45/ac. It is not, they soil test and then sometime later, do not know when they sample again for the amount of carbon captured and is paid over the next 10 years per ton of carbon captured. We have about 30 farms and only 2 of them even qualified because you couldn’t already be notill.

Answer

You can exit the contracts with no penalty.   At least mine is that way.

Answer

That's awfully dramatic.   An alternative view would be that wide voluntary adoption reduces the chance that these practices become mandatory.   Frankly, I think the ag lobby is strong enough to hold off mandatory practices for the foreseeable future.

Answer

For anyone that cares Indigo is a sinister bunch of MIT and Harvard Business School criminals looking to offer farmers crumbs in exchange for the data of your land. I attended their conference in Memphis and met with their top leadership. They had keen interest in the fact that I sit on the board of company that oversees 13 million acres in S.A. I grilled them on every aspect of their business and they could not give me a straight answer. They make it up as they go and hope something sticks. Pay attention to this carbon story. It is how the far left plans to regulate us and our behavior on our land. Indigo is one of the evil forces behind it. Farmers are the greatest minorty in this country and our rights are quietly being stripped away from us. At leaset WOTUS is on hold for now. Be well fellow producers!

Answer

Companies like Wal-Mart and Microsoft want to appear greener, so they are willing to buy something from us to appease the climate creepers. All the while they do nothing different in their business.  I wonder how much they are paying for carbon if the company is willing to pay you 45 over a 10 year period...... 60-100 any bets?

Why are we not banding together, hire 5 or 6 sales people and keep more profit for ourselves.

Call (844) 200-FARM

Has anyone worked with Indigoag or Nori for carbon credits? If so did it work out?

Join the Community Forum. It’s Free.