Linas Agro, now representing HeavyFinance’s carbon credit program in Lithuania, has successfully integrated nearly 40,000 hectares of farmland into the carbon farming program. The company expects to double this number by July.
“The carbon credit market opens new opportunities for farmers, creating long-term value. Farmers applying sustainable soil practices not only improve the quality of their land but also generate additional income, which directly contributes to farm profitability while enhancing soil fertility. It’s a simple economic solution that benefits everyone: the farmer gains extra revenue, and the land becomes more productive,” says Jonas Bakšys, CEO of Linas Agro.
One carbon credit is equivalent to one ton of CO2 addressed. These are currently valued at around €35 on the market. Farms participating in the program remove an average of 2 tons of CO2 per hectare per year from the atmosphere, generating additional income from the sale of carbon credits.
For instance, a 500-hectare farm participating in the carbon farming program could generate between €7,000 and €10,500 in additional income per year.
Farmers’ carbon credits will be sold on the voluntary carbon market, with major buyers including tech giants Microsoft, Google, Salesforce, as well as airlines like Delta and entertainment/media companies like Disney.
Joining Costs Nothing
Under the methodology of the US organisation Verra, Linas Agro, together with HeavyFinance, helps farmers transition to regenerative farming practices. Farmers joining the program can also benefit from agronomy consultations on crop rotation, cover crops, and other sustainable practices, thus improving their farm profitability and yield.
It’s estimated that joining the carbon farming program can increase farm profitability by up to 15%.
Both small and large farms are eligible to participate in the carbon credit program, and farms can join with partial land holdings. The smallest farm enrolled in the program has 13 hectares, while the largest has 4,000 hectares.
“Regenerative agriculture is rapidly gaining popularity in Lithuania because farmers are seeing success stories. Transitioning to more soil-friendly practices is especially crucial now, as healthy soil increases plant resilience to droughts and other natural challenges, which are becoming more frequent due to climate change,” explains Laimonas Noreika, CEO of HeavyFinance.
Learn more about carbon farming.
