AgriProve - First for soil carbon
Building topsoil with a rich carbon content can improve the productivity and profitability of your farm. And we pay you for the carbon you produce. It’s a win on all fronts - a more productive and profitable farm, producing healthier food, while acting to reverse global warming.
This year AgriProve and our flagship Soilkee project in Gippsland received Australia’s first soil carbon credits under the Emissions Reduction Fund (ERF). It was a world first as they were the first soil carbon credits globally to be eligible under a national target in line with the Paris Agreement.
AgriProve has $150 million to pay farmers for building soil carbon. We’ve seen the opportunity and invested in the systems and technology to make it quicker, cheaper and easier for you to participate.
AgriProve is the first company to have taken a farmer on the complete journey from building soil carbon through to carbon credit sales.
Our sole focus is to help soil carbon farming grow. If we can mainstream this approach to agriculture, we have the potential to reduce millions, even hundreds of millions, of tonnes of greenhouse gases in Australia alone. The opportunity for transformation is huge from both an agricultural and emissions reduction perspective.
AgriProve is a soil carbon solutions company, spun off from Corporate Carbon, one of Australia’s leading carbon project developers.
Soil Organic Carbon
Soil organic carbon is directly related to agricultural productivity – the higher the soil carbon levels, the greater the productivity. Soil carbon improves water holding capacity and infiltration, nutrient availability and soil biology. When water and rainfall are used more effectively growing seasons extend and farms become more resilient and drought tolerant.
Active management practices can build soil organic carbon and farmers can be paid for the additional carbon they produce.
wHAT WE DO - THE sOILKEE sYSTEM
AgriProve believes the Soilkee system has enormous potential to build soil carbon at scale in Australia as it generates carbon credits at high rates – on a par with forest plantings. But unlike forest plantations it keeps valuable land available for farming.
The Soilkee Renovator is an Australian owned worldwide patented innovation that provides a one-pass pasture improvement solution proven to increase farm productivity and build soil carbon.
Soilkee works by preparing narrow, competition free seed beds in existing pasture, and planting a diverse range of forage crops, with the capacity to handle seed sizes from faba beans to clover. Less than 20% of the pasture is disturbed, maintaining existing pasture cover. Importantly this minimal disturbance also provides a green manuring effect and activates soil fungi, bacteria and earthworm populations and the natural soil processes they perform. The ‘salad mix’ approach provides balanced nutrition, feed diversity, organic matter and nitrogen from legume nodulation.
Production tests on the Olsen's farm in Hallora have demonstrated 20 tonnes of dry matter feed grown in one year and an increase in soil organic matter in the top 10 cm from 3% to 10%.
Soilkee has been working with AgriProve, to verify the soil carbon increases from the Soilkee system. Earlier in 2019 the first soil carbon credits under the Australian Government's Emissions Reduction Fund were issued on audited data showing sequestration rates of 11.2 tonnes of carbon dioxide equivalent over a 12 month period.
The second year of soil carbon data has just been analysed and supports the expectation that Soilkee can deliver 10 carbon credits per hectare per annum, providing additional revenue of approximately $100 per hectare to farmers.
Soilkee agronomic features are well documented in the West Gippsland Catchment Management Authority soil pasture demonstration involving Soilkee, pasture aeration and a control site.
Using the Soilkee system helps farmers improve their profitability through increased productivity and earning income from carbon credits.
+ AREN’T CARBON CREDITS CREATED FROM PLANTING TREES?
Carbon credits can be created through a variety of ways (and yes, one of the ways can be from planting trees).
What we love about soil carbon is the variety of benefits it can provide Farmers - such as increased land productivity, continued use of the land for agricultural purposes, and the creation of carbon credits.
+ HOW LONG WILL THIS TAKE?
Soil carbon projects are registered as 25 year ‘permanence’ projects. This means that the soil organic carbon must be maintained for a period of 25 years after the first issuance of carbon credits to the project (previously the only option was a 100 year permanence period). The main commitment over this time is maintaining the land in a grazing system.
If your project goes according to schedule, it is expected that soil carbon credits can be created from years 2-3 onwards.
+ WHAT IS MY INITIAL COMMITMENT?
You sign an Expression of Interest (EoI) and Consent form (it is a requirement that it is signed by all landholders on the project property title(s)) which provides AgriProve with an exclusivity period of 18 months to register a soil carbon project.
You get excited about building soil carbon.
+ CAN I GET MONEY FROM SOIL CARBON?
Yes - you can get money for each carbon credit created!
AgriProve has a standard ‘Australian Carbon Credit Unit Sales Agreement’ that sets out the terms and conditions of our contract with you.
+ GIVE ME AN OVERVIEW OF THE PROCESS AGAIN…
Firstly, you Register your interest with us and sign up as a new Project. This process is fairly quick and you may be underway within a few weeks.
Secondly, we carry out soil sampling to measure the levels of soil carbon currently in your soil - we call this ‘Baseline’ sampling. Sampling takes a day or two - samples are sent to the laboratory for analysis. The soil sampling results will also be provided to you.
Thirdly, you carry out new activities which increases levels of soil carbon. These activities can differ depending on your interests and land management requirements.
Fourthly, after 2-3 years we carry out more soil sampling to measure the levels of soil carbon in your soil. Again, samples are sent to the laboratory for analysis. The difference in the amount of soil carbon is then calculated.
Finally, if the amount of carbon measured in your soil has increased, we report this to the Clean Energy Regulator, along with an application for carbon credits. Once the carbon credits are issued, you get paid!