Farmers Edge Helps Farmers in North America Create Millions of Potential New Carbon Offsets
May 13 2021 - 8:00AM
Business Wire
Sustainability innovator launches Smart Carbon to generate
high-quality offsets powered by the most robust, real-time datasets
in agriculture.
Farmers Edge Inc. (TSX: FDGE), a pure-play digital agriculture
company, today announced the general availability of its
data-driven Smart Carbon program for key agricultural markets in
North America. The program harnesses the power of technology by
combining hardware, software, agronomy, and hands-on customer
support to create a true connected acre that gives farmers and
their trusted advisors a 360-degree view of their carbon footprint
with data from soil to sale.
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Sustainability innovator launches Smart
Carbon to generate high-quality offsets powered by the most robust,
real-time datasets in agriculture.(Photo: Business Wire)
A leader in the cleantech space, Farmers Edge has been helping
farmers to implement climate-friendly practices since 2005. The
company provides the knowledge and technical support to infuse
intelligence into decisions and processes on the farm, bringing
sustainability, productivity, and profitability together. The
technology automatically tracks, measures, and benchmarks
improvements in yields, soil health, and efficiencies of practices
on a site-specific basis. This synergy results in economic,
environmental, and social value that can be passed down the supply
chain for generations to come. It is highly scalable and can be
implemented in both data-rich and data-sparse regions, by farms of
any size.
The company estimates that the total addressable market within
its current customer base will include at least six million new
carbon offsets annually through carbon sequestration and emissions
reductions. In addition, the company has already secured buyers in
North America.
Farmers Edge has a long history as a sustainability innovator in
Canada, with extensive experience managing one of the major carbon
offset programs in the world, the Alberta Technology Innovation and
Emissions Reduction Regulation. Based on this work, the company
will expand its sequestration and emissions-reduction projects to
other provinces, including Saskatchewan and Manitoba. In the US,
the company is planning projects based on the USDA/NRCS foundation
of greenhouse gas management. Additionally, Farmers Edge is
currently developing broader-based protocols to be used across
North America.
“At the heart of our business has always been a deep commitment
to agriculture and the farmers who feed us,” said Wade Barnes,
Farmers Edge Chief Executive Officer and founder. “As stewards of
the land, farmers play a leading role in ensuring stability of the
global food supply and the health of our planet; they need
collective support to do this. We provide a simple and transparent
program that rewards farmers for land stewardship and removes the
hassle of dreaded paperwork. We can validate their digital
environmental assets in near real-time, reducing risk and creating
verified, high-quality carbon offsets. Farmers are part of the
climate change solution.”
Along with scaling its digital, connectivity-fueled carbon
program, Farmers Edge is developing a system for food companies and
elevators to purchase low-carbon grain.
About Farmers Edge Farmers Edge is leading the next
agricultural revolution with the industry’s broadest portfolio of
proprietary technological innovations, spanning hardware, software,
and services. Powered by a unique combination of connected field
sensors, artificial intelligence, big data analytics, and agronomic
expertise, the company’s digital platform turns data into actions
and intelligent insights, delivering value to all stakeholders of
the agricultural ecosystem. Farmers Edge disruptive technologies
accelerate digital transformation on the farm and beyond,
protecting our global resources and ensuring sustainable food
production for a rapidly growing population. For more information,
please visit www.farmersedge.ca and SEDAR (www.sedar.com).
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version on businesswire.com: https://www.businesswire.com/news/home/20210513005428/en/
Media: Richard Berman richard@verbfactory.com 647-294-8372
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