Interest in tying farming to carbon dioxide credits waning
A once popular program to pay farmers for battling air pollution is waning as industries pass on carbon credits and Congress looks at other options.
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Credits are currently selling for about 40 cents a metric ton, a price that isn't attracting new farmers. Credits created last year aren't selling, according to the National Farmers Union, which a year ago touted a program enrolment of 2.8 million acres-enough to offset the pollution of more than 300,000 cars.
Now just a few days away, this year's deadline for enrolling land in the credit program will go unnoticed by many.
"This is just a guess, but I'm going to say we did around 100 acres of carbon credits last year," said Scott Kulbeck of the Montana Farm Bureau Federation. "There's no interest now."
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