Key Takeaways:
- Loam Bio’s U.S. Market Entry: An Australian company specializing in carbon market technologies, Loam Bio, launches its products in the U.S.
- Innovative Carbon Capture Technology: Introduction of CarbonBuilder, a microbial technology that enhances stable soil carbon and enables farmers to participate in carbon markets.
- Financial Benefits for Farmers: Loam Bio’s SecondCrop program offers farmers higher returns from premium carbon credits.
- Increasing Soil Carbon Stability: CarbonBuilder aims to improve soil health and carbon storage, regardless of existing farming practices.
- Empowering Farmers in Carbon Markets: Loam Bio’s approach offers greater control and profitability for farmers in carbon credit markets, especially targeting soybean farmers in the Corn Belt and upper Midwest starting in 2024.
Loam Bio’s Expansion into the U.S. Carbon Market
Introduction of CarbonBuilder and SecondCrop
Loam Bio, an Australian leader in carbon market technologies, announces its foray into the U.S. market with its groundbreaking microbial technology, CarbonBuilder. This product aims to increase stable carbon in the soil, allowing U.S. farmers to access carbon markets through Loam Bio’s carbon program, SecondCrop, without significant changes to their current practices.
Enhancing Soil Health and Carbon Storage
CarbonBuilder is designed to help farmers build stable soil carbon, enhancing soil structure, health, and productivity. This novel biological solution leverages beneficial soil fungi to increase stable carbon pools, offering an accelerated path to agricultural resiliency and profitability.
Science-Driven Approach
Dr. James Presnail, Vice President of Product Development at Loam Bio, emphasizes that CarbonBuilder’s approach to carbon capture is rooted in scientific research. The technology achieves stable carbon storage and improves crop health, aligning with the company’s mission to support farmers’ profitability and environmental sustainability.
Addressing Farmers’ Hesitation in Carbon Programs
Despite growing interest in carbon programs, farmer participation remains low due to factors like low payments. Loam Bio’s SecondCrop program addresses this by offering higher prices for premium carbon credits, making carbon sequestration more attractive and financially viable for farmers.
Targeted Release and Market Focus
The company plans a targeted release of CarbonBuilder and SecondCrop, initially focusing on soybean farmers in the Corn Belt and upper Midwest in the 2024 crop year. This strategic approach aims to maximize the impact and accessibility of its technology in key agricultural regions.
