Trinity Ag Tech, the business behind the Sandy digital farm business software suite, has launched Trinity Natural Capital Markets (Trinity NCM), a complementary digital platform designed to help farmers monetise their efforts to reduce carbon, increase biodiversity and protect the water under their care.
The official launch coincided with last week’s Countryside COP series of events ahead of next month’s COP26 in Glasgow. But there will now be a period of fine-tuning before transactions and trading starts on Tuesday January 11th 2022.
The Natural Carbon Markets initiative envisages farmers and land managers first determining their carbon footprint baseline, using current and historic enterprise data, and then developing a natural capital plan which will generate carbon credits and biodiversity tokens.
Next, the Trinity NCM platform will offer holders three options to sell these natural capital stocks: on the market, setting their own criteria and a minimum price for bidders – rather like traditional selling online; to corporate investors who may well have already set their purchase price and criteria; using the credits to sell or barter with businesses with which they already have a trading a relationship – for example processors, retailers, or other farmers.
The platform will properly reward farmers and land managers for the natural capital under their care, says Trinity NCM’s senior natural capital manager Louisa Knocker. “Natural capital describes the aspects of nature that are all too often overlooked and undervalued – the trees, hedges and ditches, meadows and bird cover, the soil, air and water, and all living things, resources and services that come with them.
“Trinity’s Sandy software enables farmer to determine their baseline and credibly measure services such as carbon reductions and biodiversity improvements to add value beyond the end product. Credits are then generated when increasing carbon sequestration or enhancing biodiversity that can be sold through the marketplace.
“With the removal of the Basic Payment Scheme, Trinity NCM will help land managers and farmers get ahead of the curve on the new Environmental Land Management Scheme and boost returns from the work they undertake with new and untapped revenue streams.”
Six leading regenerative farmers, calling themselves the Green Farm Collective, intend to use the marketplace to sell their carbon and biodiversity packages. “We formed the Green Farm Collective to quantify and capitalise on the natural capital – predominantly carbon and biodiversity – that we’re storing in our farming systems,” says Collective member Jake Freestone, of Overbury Enterprises in the Cotswolds.
“We’ve created three packages – one carbon and two biodiversity – that will be available through the Trinity NCM marketplace. It’s an opportunity to capture the value in storing our customers’ carbon and we have the autonomy to choose how to do that – whether through agroforestry, arable reversion, or the way we manage our rotations.”