Australian Agtech company FarmLab has raised $750,000 from Venture Capital firm Artesian Ventures and their GRDC backed ‘GrainInnovate’ fund, and private investors the Prove Group to scale-up it’s soil management platform in light of the increasing focus on Carbon Offsets.
Nine million mangrove trees – one of the fastest growing trees in the world – will be planted by 2030 as part of the Restore Kenya project at Mida Creek, located in the Malindi-Watamu Biosphere Reserve, a UNESCO recognised coastal gem.
Agtech company FarmLab was successful in three National Soil Carbon Innovation Challenge Grants totalling $8.4 million to reduce the cost of soil carbon measurement.
Feeling there is no time to lose, producers Hugh and Sarah Ball are charting their own course by benchmarking their Moree property Norwood as the first step to achieving their goal of being not just carbon neutral but carbon negative.
Carbon projects are expensive. A lot of that is due to the complexity of the governance and measurement requirements involved. Choosing the right software to use is all about ROI and reducing this cost. When a user develops a soil carbon project, they must take a series of steps to comply with registration.
Australian Agtech company FarmLab has raised $750,000 from Venture Capital firm Artesian Ventures and their GRDC backed ‘GrainInnovate’ fund, and private investors the Prove Group to scale-up it’s soil management platform in light of the increasing focus on Carbon Offsets.
As the world shifts to a carbon-neutral future, carbon credits are becoming increasingly important in helping companies offset their emissions. Agriculture offers a major opportunity to produce these credits, especially through what I’m most excited about: soil carbon sequestration.
Today marks World Soil Day, probably the most exciting day in my calendar (being the founder of a software company that maps and measures soil). This year our announcement makes it even more special. Today we launch our mission to help 1 million farmers sequester 1 billion tonnes of CO2 from the atmosphere by 2025, roughly equivalent to removing 217 million cars from the road in that same time.
Australian agriculture has never been more important in the context of economic and social support. In the middle of a global pandemic and recession, food security and the economic stability provided to regional economies is at the front of many Australian’s minds.
Recently, a report on the Australian Emissions Reduction Fund (ERF), known as the King review, has shone a light on a need for better methods and approaches to improve soil carbon under Australian ERF projects.
