The cost of launching carbon farms is gradually decreasing worldwide
Today, the governments of many countries subsidize carbon farming with soft loans and stimulate the development of techniques to assess carbon content in soil.
There are many companies currently operating on the market that offer assistance in optimizing farming to meet modern requirements. They offer business plans and recommendations how to properly reduce or stop tillage, alternate crops, and use animal grazing.
New fertilizers and advanced solutions on accelerating soil recovery or tree and plant regeneration are being developed. These solutions can be relatively simple, such as increasing productivity by adding a compost layer, as well as fairly sophisticated in terms of technology. In the latter case, a model is created based on data obtained from modern sensors and processed by artificial intelligence.
Moreover, the new firms have appeared ready to do all preparatory work for entering the business. For example, BP has invested $5 million in Finite Carbon, which not only offers proprietary technologies and brings together entrepreneurs with lending institutions or equipment suppliers, but also helps companies in their shift to the carbon credits trading market. As a consequence, the cost of creation of carbon farms in the world is gradually decreasing today.