Ecosystem Services Market Pilot Project Launched in Minnesota
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Payments for Ecosystem Services
The Ecosystem Services Market Consortium (ESMC) and The Nature Conservancy (TNC) have announced a pilot project in Minnesota to provide financial incentives to encourage more farmers to implement practices that help improve soil health, store carbon in soils, and reduce nutrient run-off from farm fields. The project will test and streamline the creation and sale of environmental credits from farmland. Project partners will work with farmers, at no cost to them, and a number of agricultural businesses and stakeholders to test ESMC’s market protocols on 50,000 acres that have corn and soybean cropping systems with a heavy dairy or livestock component. This project is one of several pilots being launched this fall and next spring.