A PROGRAM to increase the amount of carbon stored in agricultural soils is being developed to link Loam Bio’s soil-carbon inoculum technology to GrainCorp’s grower customers.
The collaboration was announced today at the National Carbon Farming and Conference Expo being held this week in Albury, New South Wales.
Co-founder and product manager of Loam Bio Tegan Notch said the goal was for producers to become active in the carbon market, while increasing productivity and improving soil health and resilience.
“Our goal is to make the benefits of increased soil carbon available to growers, including improved soil health, diversified income sources and greater resilience to drought,” Ms Nock mentioned.
“Based on years of scientific research and field trials, we have developed a seed coating that increases a plant’s natural ability to store carbon in the soil.
“Working with GrainCorp will help us ensure a smooth path for growers to build their soil carbon and access the carbon market.
Ms Nock said Loam Bio is working with growers this season to plant barley and canola crops that have been inoculated with the company’s new soil carbon sequestration technology on 1,500 hectares in the New South Wales and Victoria.
Director of Innovation and Growth of GrainCorp Jesse Scott said the pilot program was part of the company’s overall strategy to build a sustainable future for the agricultural industry.
“We are excited about the potential of Loam Bio’s technology to not only improve soil health and resilience in a volatile climate, but also to help producers capture value by diversifying their sources of income,” Scott said.
“We have confidence in the science and hope that the results of this pilot project will show us how to provide the best support to producers to maximize their results. »
The program will develop and facilitate purpose-built soil carbon exchange methods for agricultural businesses, providing farmers with a fair price and a transparent economic opportunity for their new merchandise.
“As carbon markets evolve and grow rapidly, we want to make sure they do so in a way
‘farmer first’,” Ms Nock said.
“This program allows us to partner with GrainCorp to provide carbon trading potential
mechanisms for farmers to generate and trade carbon credits.
Organic lemon is an Australian biotechnology company based in Orange, New South Wales, and with research collaborations in Australia and North America, which has developed a microbial seed coating to boost a plant’s natural ability to store carbon in the soil.
It markets its inoculum as allowing farmers to capture and store stable carbon in the soil while achieving significant environmental co-benefits, such as improved soil health, nutrient rich crops and higher yields.
GrainCorp has the largest grain storage and handling network on the east coast of Australia and operates more than 150 regional receiving sites and seven port bulk terminals.
GrainCorp stores and markets wheat, barley, canola, sorghum and specialty products, connecting producers with over 1000 end market customers in the food, beverage, edible oil and animal feed industries.
Source: GrainCorp, Organic Loam