Sunday, November 21, 2010

Cue the violins: Farmers will no longer get climate swindle cash for doing what they were already going to do anyway

Climate bill's death ends carbon credit [swindle] program | desmoinesregister.com | The Des Moines Register
Washington, D.C. - Programs that paid farmers for not tilling their land and taking other carbon-conserving measures are shutting down with the death of a climate bill that would have imposed limits on greenhouse gas emissions.
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The credits traded for more than $7 per ton of carbon at one point in 2008 as a cap-and-trade bill was being considered in the Senate, but the value has dropped this year to as low as 5 cents to 10 cents a ton, which is less than the cost of registering them, Miller said.
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Liz Mathern, who helps oversee the North Dakota program, thinks most farmers who are farming without tillage now will continue to do so. "I just feel bad I don't have a market-based way to reward them for it," she said.

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