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Carbon dioxide-a new commodity to trade
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A relatively new incentive for good land stewardship is emerging and may provide additional revenue for conservation practices.
"This incentive is based on a market trading system for carbon dioxide," says Lenny Farlee, Purdue Extension forestry expert. "Individuals, companies and organizations are voluntarily looking for ways to decrease their carbon dioxide emissions or offset the emissions they cannot eliminate by purchasing credits from landowners whose conservation practices store carbon dioxide in plant material or the soil."
Some land-management practices recognized to sequester carbon dioxide include no-till or low-till agricultural systems, grassland planting, establishment and management of tree plantations, and managed forestlands. "Many landowners in the central hardwood region who have already established these practices or plan to do so may be eligible to take advantage of this new marketplace," Farlee says.
More information is available at www.chicagoclimateexchange.com.
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