+ What is my initial commitment?

Initially you will sign a Consent to Register form which gives AgriProve permission to register a soil carbon project on your land. This form also provides us with an 18-month exclusivity period to cover the registration, baselining, and sales agreement stages. You are not locked in to proceed with the project at this point, as it is designed to give you time to better assess the soil carbon opportunity on your property.

+ What happens if I am paid credits, but my soil carbon levels decline?

There is no obligation to return credits to the Government if there is a measured decrease in soil carbon levels. However, no new credits will be issued until the previous high point in soil carbon is exceeded. This ratchet approach includes protection against losses in soil carbon attributed to natural disasters such as bushfire or drought. Remember, the main obligation to protecting the soil carbon stock is maintaining the farm in an agricultural system.

+ Use of land for other purposes?

You are still able to use the land for other purposes if the activity is consistent within agricultural land use. Remember, the method encompasses all agricultural activities and incentivises the storage of carbon stocks as part of operational agricultural systems.

+ Can a project be terminated by the Regulator? If so under what circumstances?

Yes, there are provisions whereby the Regulator can terminate projects. For example, if the land use changes out of an agricultural system, it becomes difficult to argue that the carbon stocks are being maintained within an operational farm. Thus the major commitment associated with running a soil carbon project is the commitment to keep the land within an agricultural system for 25 years.

+ Is the market in Australia only, or is there a global market/price?

There is an emerging marketplace for carbon offsets from projects within Australia. Australian projects are attractive because of their integrity and rigour arising from the relative methods under which they are registered and managed. However, there is not yet a common carbon market where Australian Carbon Credit Units can be exported and sold at a common global commodity carbon price.