In the latest episode of “Secrets of the Soil,” hosted by the incredible š¦šŗ Regen Ray Milidoni, I had the pleasure of joining the discussion to dive deep into the evolving landscape of carbon farming and sustainable agricultural practices. šš
š This episode, titled “Building soil carbon can create another income stream with Jada Dormaier,” explores the synergies between cryptocurrency, blockchain technology, and the vital role of farmers in carbon sequestration. Below are three key takeaways for anyone passionate about the intersection of technology and sustainable agriculture:
1ļøā£ Empowering Farmers Through Technology:
– We discussed Nori’s pioneering use of blockchain and cryptocurrency to ensure transparency and efficiency in carbon trading, allowing farmers to hold and sell tokens as assets. This not only democratizes the process but also gives farmers full control over their carbon credits (NRTs), enhancing their income through sustainable practices.
2ļøā£ Cost-effective Verification and Scaling of Carbon Sequestration:
– By leveraging advanced imaging tools, Nori is lowering verification costs, making it easier for farmers to participate in carbon markets. This innovation is essential for scaling up carbon sequestration efforts, which are crucial in combating climate change.
3ļøā£ Supporting Farmers for a Sustainable Future:
– The emphasis on a “farmer forward carbon” approach reflects Nori’s commitment to prioritizing farmers’ benefits. Offering $20 per ton of carbon sequestered, Nori ensures that farmers are rewarded fairly for their regenerative practices, paving the way for a more sustainable and economically viable farming future.
Who is Jada Dormaier?
Jada Dormaier is a Supply Account Manager, working directly with farmers to enroll into Noriās platform, from data inputs to listing carbon credits on the marketplace. Previously, she worked as a crop insurance agent across Washington State and enjoys the opportunity to build relationships and help create income streams for farmers, ensuring they can continue their work, while also helping the planet. Jada holds a BS in Economics and an MS in Conflict Resolution and Negotiation.Ā
Understanding Carbon Sequestration through the Lens of Cryptocurrency and Blockchain Technology
In Episode 51 of “Secrets of the Soil,” host Regen Ray Milidoni sits down with Jada Dormaier from Nori, a pioneering carbon marketplace, to explore how farmers can turn carbon sequestration into a viable income stream. This enlightening conversation delves into the evolution of the money system to cryptocurrency, the role of blockchain for transparency in carbon trading, and the significant impact of technological advancements on modern farming practices.
Carbon Sequestration: A Crucial Role for Farmers
As climate change accelerates and the demand for carbon sequestration intensifies, farmers are uniquely positioned to contribute to global sustainability efforts. Jada Dormaier highlights that practices like reduced tillage, cover cropping, and adding biodiversity can sequester substantial amounts of carbonāabout 0.6 tons per acre per year in some Midwest and mid-Atlantic regions.
“Encouraging farmers to participate in carbon sequestration is not just an environmental initiative; it’s also a financial opportunity,” Jada asserts. Nori’s marketplace allows farmers to sell carbon credits (NRTs) for $20 per ton, offering them a new revenue stream without prescribing specific farming practices.
Transparency and Trust through Blockchain and Cryptocurrency
One of the standout elements of this discussion is the use of blockchain and cryptocurrency for transparency in the carbon market. Nori’s decision to utilize blockchain technology ensures that transactions are transparent and verifiable, allowing both farmers and consumers to trust the integrity of the carbon credits being traded.
“Blockchain and cryptocurrency offer tremendous potential for the agricultural industry, especially when it comes to verification and transparency,” explains Jada. Through blockchain, consumers can verify the carbon neutrality of a product, instilling confidence and trust in sustainable practices.
Moreover, the introduction of crypto tokens as a form of payment in the future presents an innovative financial avenue for farmers. These tokens can be held as assets or sold, providing farmers with flexibility and control over their revenue streams.
Cutting Verification Costs with Technology
Verification and assessment costs have been significant barriers for farmers looking to enter the carbon market. Jada discusses how Nori addresses this challenge by using advanced imaging tools to lower these costs, making it more accessible for farmers to participate.
By employing these technological advancements, Nori ensures that the process of measuring and verifying carbon sequestration is both efficient and cost-effective. This technological support is particularly crucial as Noriās models require a baseline of farming practices from 10 years prior to calculate incremental changes.
Empowering Farmers: A "Farmer Forward" Approach
Nori’s dedication to putting farmers first is evident throughout this episode. Unlike typical carbon credit schemes where aggregators take a percentage of the credits, Nori allows farmers to receive the full $20 per ton of carbon. This “farmer forward” approach aims to reward farmers fairly for their efforts in carbon sequestration.
Jada emphasizes the importance of empowering farmers to engage in carbon farming, which not only enhances their income but also ensures the longevity and value of their farmland. The podcast also discusses the potential for future carbon credit price increases due to rising demand, hinting at even greater financial incentives for farmers in the coming years.
The Voice of the Soil
In a powerful segment, Regen Ray asks Jada to become the voice of the soilāgiving a deep and thought-provoking response. This exercise underscores the essence of listening to and understanding the soil to make advantageous farming decisions. “The soil has a story to tell,” Jada says, reiterating the importance of sustainable practices and the symbiotic relationship between farmers and their land.
Looking Ahead: The Future of Carbon Farming
As the episode winds down, both Regen and Jada express optimism about the future of carbon farming. With innovative tools and systems like those developed by Nori, farmers are better equipped to meet the challenges of climate change while simultaneously reaping financial benefits.
Those interested in learning more about Nori and carbon farming can find further details and contact information through the episode. Regen Ray also encourages listeners to dive deeper into the world of soils, promoting community supported agriculture and the significance of supporting farmers.
Episode 51 of “Secrets of the Soil” provides a comprehensive and hopeful look at the potential of carbon farming and the transformative role of blockchain and cryptocurrency in agriculture. By leveraging these technologies and prioritizing the needs of farmers, Nori is not only making a positive environmental impact but also creating a sustainable and profitable future for farmers worldwide.
Listeners are encouraged to share the podcast and leave reviews to amplify the message of sustainability and support for the farming community. Together, we can harness the power of soil to build a better, greener future.
