If you're new here, you may want to subscribe to our or .
It pays to cut greenhouse gas emissions, literally and members of the will vouch for that. The program gives agricultural producers the opportunity to earn that is, by adopting practices such as no-till farming, growing grass and reforestation that store carbon dioxide in the soil.
The (NFU), on behalf of the producers sells carbon credits on the Chicago Climate Exchange , where they are purchased by exchange members looking to offset emissions. Currently the credits are being sold on the exchange at the rate of $4 per metric ton. The most active member state is North Dakota and last month 990 participants in the state received $2.6 million through the program.
The carbon sequestration program of the NFU, with its 2300 farmer-strong membership captured co2 from 2.8 mn acres in 2006 and 2007, which is equal in effect to capturing co2 emissions of 320,000 cars.