Brought to you by WBIW News and Network Indiana
Last updated on Monday, October 1, 2007
(UNDATED) - Indiana farmers who practice good land management in storing carbon dioxide are learning how they can make extra money by selling it.
A recent farm science review explains how the Chicago climate exchange is selling credits to factories and organizations who struggle to reduce the carbon dioxide emissions. The credits are purchased from land owners who store the carbon in plant materials or soil.
Purdue extension forestry expert Larry Farlee says the carbon is currently being traded on the Chicago climate exchange. While the current market value is about 3 to 5-dollars per acre, Farlee says the market is developing like the old corn and bean market and has great potential in the future.
Purdue extension officials are encouraging Indiana land and plantation owners, forest managers, and others who capture carbon to learn more about this new and growing revenue opportunity.
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