I adopted carbon sequestering practices on my farm in the past. Can I be paid for them?
If you adopted one of the qualifying practices before joining the carbon market, you may be able to receive payment for those years you implemented those practices before joining the carbon program. Some companies allow you to go back a limited number of years and get paid for a practice you have adopted (usually between two and five years).
How much will it cost to sell my carbon credits?
You will have to pay a fee for soil sampling or third-party verification, although some companies may cover these costs. There may be additional fees such as administrative, registration, insurance, and/or transaction fees depending on the agreement.
Can the carbon credits be stored? If so, how long can they be stored for?
Some companies may allow carbon credits to be banked and sold later in case the market price goes up.
How long will it take to get the money?
A portion of the money may be paid upfront or issued at a future date. There may be a payment program to give you a certain percentage of credits or payment gradually over a specified period.
What currency is the payment in?
The payment could be in the form of cash, cryptocurrency, or credits toward purchases.