By Mike Wilson
Farm Futures
Iowa farmers Lance Lillibridge and Kelly Garrett have this advice for farmers thinking about signing a carbon contract:
Walk, don’t run.
Talk to an attorney.
Ask yourself this question: Is what’s being offered enough?
Know the value of the credits and how you get paid. Some carbon exchanges want to amortize payments over 10 years.
Know how many years you are held to the contract.
Know how to stay in compliance.