Farmers receive Indigo carbon credit payments
Indigo Ag today issued the second set of payments totaling more than $3.7 million to farmers through the Carbon by Indigo program. The company plans to issue the second set of carbon credits to buyers in the first half of 2023.
Nearly 450 farmers received payments in the program's second year of producing carbon credits. Farmers who generated credits during the 2020 crop year also received an additional payment to reflect the $30 per credit final payment rate for that issuance, which was a 200% increase over the original minimum payment rate. The program's guaranteed minimum payment rate for the 2021 crop year was $20 per carbon credit, with the opportunity to earn more as the credit demand and price rise.
