9th October 2024
Key Takeaways:
- CIBO Technologies partners with Scoular to help farmers reduce carbon emissions and prepare for future regulatory changes.
- The collaboration enables data collection and modeling of emissions reduction outcomes for regenerative agriculture and low carbon intensity (CI) crops.
- The partnership supports biofuel producers by providing lower-CI feedstocks, aligning with tax credits introduced in Section 45Z of the Inflation Reduction Act.
- CIBO Impact enables Scoular to quantify regenerative agriculture benefits and prepare for evolving sustainability regulations.
Partnership Overview
CIBO Technologies, a climate software company focused on agriculture, announced a strategic partnership with Scoular, a leading commodity and ingredient agribusiness. The partnership aims to enhance data collection and model emissions reduction outcomes for regenerative agriculture and low carbon intensity (CI) crops, empowering farmers within Scoular’s network to adopt sustainable practices.
Impact of Section 45Z of the Inflation Reduction Act
The Inflation Reduction Act’s Section 45Z introduces tax credits that incentivize biofuel producers to utilize lower-CI feedstocks in order to reduce the carbon intensity of transportation fuels. CIBO and Scoular’s collaboration seeks to provide biofuel producers with the feedstocks necessary to benefit from these tax credits. By supporting regenerative agriculture, Scoular’s farmers will be in a stronger position to supply the data needed by biofuel producers to qualify for potential incentives.
Building a Data-Driven Foundation for Sustainability
The partnership is designed to offer flexibility to Scoular’s farmers and buyers. Through the use of CIBO Impact, Scoular will begin collecting valuable data on regenerative practices and design programs to navigate future regulatory changes. This will allow Scoular to quantify the environmental benefits of regenerative agriculture and assist farmers in monetizing these positive outcomes.
Beth Stebbins, Director of Sustainability at Scoular, emphasized the importance of this collaboration: “At Scoular, we’re committed to developing the solutions our farmers need to thrive in the rapidly evolving sustainability landscape. Our partnership with CIBO Technologies allows us to stay ahead of regulatory changes and build a data-driven foundation for regenerative agriculture.”
Proactive Approach to Address Industry Changes
CIBO Technologies CEO Daniel Ryan highlighted the significance of this partnership: “Since day one, CIBO has set out to support sustainability innovators, meeting them where they are in their journey and working with them to create meaningful impacts. As an industry leader, Scoular recognizes that now is the time to take action, and while the wider impacts of 45Z remain uncertain, our partnership is all about staying ahead of the curve.”
CIBO Technologies Latest News
Expands EQIP Solution to 19 States (2024/09/19)
CIBO Technologies, a climate software company, has expanded its Environmental Quality Incentives Program (EQIP) solution to 19 states, allowing more farmers to access government and corporate financial incentives for conservation practices. The platform simplifies the application process, addressing challenges faced by farmers, USDA service centers, and private companies with Scope 3 emissions goals. CIBO plans to expand to more states and introduce additional financial incentive programs by 2025, focusing on helping farmers tap into available resources for sustainable farming practices.
Partners With Anew Climate (2024/07/18)
CIBO Technologies and Anew Climate have partnered to improve the Locus Agriculture CarbonNOW program. The CIBO Impact platform will assist growers in monitoring soil carbon results, automating program enrollment, soil sampling planning, and reporting processes. The platform features the Control Plot Manager for accurate carbon credit quantification. CarbonNOW is the first U.S. carbon farming program to use biologicals as an approved practice change. The partnership focuses on data integrity and climate benefits, allowing for the monitoring of the program’s impact and quantifying climate benefits from soil carbon to credit.
CIBO Technologies & The DeLong Co., Inc. Partners to Boost Regenerative Agriculture (2024/06/28)
CIBO Technologies has partnered with The DeLong Co., Inc., a family-run enterprise with 38 grain, agronomy, and export locations in the US, to assist farmers in finding, qualifying for, and enrolling in regenerative agriculture incentive programs supported by the USDA and private companies. The partnership aims to enhance farm profitability and sustainability by providing new incentive opportunities to growers, promoting sustainable and climate-resilient farming practices. The CIBO Impact Platform will help scale access to public and private programs that encourage regenerative agriculture practices, increasing near-term profitability and long-term productivity for farmers. Benefits for farmers include increased sustainable agricultural incentive payments, prequalification of land, simplified program enrollment, automatic prequalification for new programs, and navigation of NRCS programs.
Unveils Comprehensive Scope 3 Offering for Agricultural Enterprises (2024/05/29)
CIBO Technologies has introduced a comprehensive end-to-end Scope 3 offering to assist agricultural enterprises in identifying, measuring, reducing, and reporting carbon emissions throughout their supply chains. The CIBO Impact platform and its network of Grower Network Partners help decarbonize agricultural commodities and promote the adoption of conservation practices through farmer incentive programs. This offering addresses challenges in carbon emissions reporting and aims to support the transition to more sustainable agricultural practices.
