Technology for carbon sequestration – Part 2
It’s time for your report on the Farm of the Future. I am Tim Hammerich.
Yesterday we reported the emergence of startups interested in developing technologies to help farmers track and monetize the carbon they store in the soil. This begs the question of who pays for the implementation of all this technology, and will the ROI ultimately be worth it? Agtech investor Sarah Nolet of Tenacious Ventures says this is where food companies or even input companies will need to step in.
Nolet… “And I think that’s actually where we’re going to see some really interesting changes like bundling carbon or sustainability outcomes with inputs, because input companies now have to play in that space and deliver. solutions or want to capture part of the stack here. Or we have food companies that used to just operate as a little pilot here next door, with an element of sustainability that they could put into their marketing. And instead, they have to deploy large-scale sensor networks to collect this data and pay for the adoption of this technology, because they are the ones who need this information. So the farmers don’t actually incur the costs and they get all the co-benefits of improving soil health or water uptake or whatever. I mean, this is another space where we think having it digitally native and handling these workflows with software is going to make a lot of sense.
Nolet cites examples of companies in its portfolio like nori and Regrow as climate technologies serving farmers.