Bloomberg Law
Oct. 28, 2020, 12:00 PM

Iowa Farmer Finds Fortune in Selling Carbon Credits to Shopify

Justina Vasquez

Iowa’s Kelly Garrett is the first one in five generations of toiling the family farm to cash in on what plants and soil do naturally -- trap carbon dioxide from the air.

The crop-and-cattle farmer is selling credits from removing 5,000 metric tons of carbon dioxide off his Crawford County farm yearly to e-commerce company Shopify Inc. through a carbon-credit marketplace run by Seattle-based Nori LLC.

Kelly Garrett is selling credits earned from removing carbon off his Iowa farm to Shopify.
Source: XtremeAg.Farm

Garrett expects a check for up to $290,000 from selling credits he earned between 2014 and 2019 through a Locus Agricultural Solutions program that guides farmers through the process and offers access ...