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Home / Environment / Brazil Farmers to Earn for Preserving Nature

Brazil Farmers to Earn for Preserving Nature

6 Feb

•

Summary

  • A platform will pay farmers to keep native vegetation intact.
  • The initiative connects businesses to farmers in carbon sink regions.
  • The platform could attract $15 billion in investments over five years.
Brazil Farmers to Earn for Preserving Nature

Agrotools, a Brazilian agricultural data firm, is constructing what it claims will be the world's largest platform for environmental service payments. This initiative, supported by a subsidized government loan, aims to compensate farmers for maintaining native vegetation on their land.

The platform connects businesses and governments committed to carbon footprint neutralization with farmers. These landowners are situated in regions identified as significant global carbon sinks, offering them lease payments for preserving natural habitats.

Agrotools estimates the platform could draw $15 billion in investments within five years. This funding is based on an anticipated annual lease payment of $100 per hectare for preserved native vegetation, potentially safeguarding vast agricultural areas.

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This development comes as pressure to clear land for agriculture in Brazil has intensified. Agrotools' executive noted that farmers are increasingly looking for alternative income streams, making this platform timely for mitigating deforestation and greenhouse gas emissions.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Agrotools is building the world's largest platform to pay farmers market rates for keeping native vegetation intact on their land.
The platform could attract as much as $15 billion in investments over a five-year period.
Farmers can receive lease payments for environmental services, offering an alternative income that avoids credit and climate risks associated with planting crops or raising cattle.

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