Is Agricultural Carbon Markets a Climate Solution?
In terms of agriculture and climate change, the Biden Administration and Congress are on a risky road that might favor the most harmful farm operations while unable to solve the climate crisis effectively. Aid for agriculture carbon environments and subsidies for harmful factory farms, two major pillars of their approach, will worsen concentration in the industrial agriculture sector while increasing pollution in low-income regions, particularly communities of color.
The Benefit of Agricultural Carbon Markets into the Agribusiness won’t Naturally Work
The carbon industries have a lengthy history of failing to reduce greenhouse gas emissions while causing harm to both the Black and brown communities.
Regardless of the financial effectiveness of the markets are, a few huge agrichemical and seed conglomerates seem to profit from this kind of soil carbon market strategy. For instance, Bayer and Syngenta are prepared to expand their market domination while sustaining chemical-intensive agriculture and food chain control.
Larger producers will most likely benefit from the carbon market leaving the smaller ones behind
In other areas, carbon markets have primarily benefited huge operators while leaving the smaller industries behind. Soil and other areas of the carbon markets will not have any distinction, increasing the consolidation of farmland ownership in the United States and eliminating small-scale farmers by introducing a new revenue stream that requires huge economies of scale to be sustainable.