Microsoft Backs Farmland LP with Investment in Ag Innovation
Microsoft Invests in Farmland LP for Future Sustainability
Farmland LP, a prominent fund manager in the U.S., has announced a significant investment from Microsoft's Climate Innovation Fund. This collaboration will support the company's latest initiative, the Vital Farmland III LLC fund, which focuses on enhancing regenerative agriculture practices. The goal of this partnership is to develop soil carbon credits, drawing on Farmland LP's extensive portfolio, which encompasses 18,500 acres of farmland.
Enhancing Regenerative Agriculture
The investment will allow Farmland LP to expand its efforts in the regenerative agriculture sector. By promoting practices that sequester carbon in soils, this initiative aims to mitigate the increasing levels of atmospheric CO2. This represents a substantial step towards broader implementation of regenerative agriculture, which is critical for global sustainability efforts.
Comments from Leadership
Erika Basham from Microsoft’s Climate Innovation Fund expressed enthusiasm about this partnership, emphasizing that Farmland LP’s commitment to healthy soils directly contributes to the advancement of carbon removal solutions. Craig Wichner, the founder of Farmland LP, echoed this sentiment, highlighting the investment as a validation of their innovative approach.
Economic and Environmental Impact
This investment also aligns with Microsoft's sustainability commitments, as Farmland LP will create carbon credits through their regenerative practices. Utilizing Verra’s Verified Carbon Standard, the project aims to demonstrate the economic benefits of implementing regenerative agriculture, fostering growth in the carbon credit market.
About Farmland LP
Founded in 2009, Farmland LP stands as the largest fund manager in the U.S. dedicated to organic regenerative farmland. Currently managing over 18,500 acres across multiple states, the firm holds more than $300 million in assets under management across three funds. The goal is to drive sustainable farming practices while maximizing both environmental and economic returns, making a lasting impact on agriculture.
Frequently Asked Questions
What is the main focus of Farmland LP?
Farmland LP focuses on managing organic regenerative farmland and promoting sustainable agriculture practices.
What does Microsoft’s Climate Innovation Fund aim to achieve?
Microsoft’s Climate Innovation Fund invests in projects that promote sustainability and combat climate change through innovative solutions.
How will the investment impact regenerative agriculture?
The investment will enhance practices that sequester carbon, thereby improving soil health and sustainability in agriculture.
What is the significance of Verra’s Verified Carbon Standard?
Verra’s Verified Carbon Standard is a leading framework for certifying carbon credits, ensuring the credibility of carbon offset projects.
How much capital is Farmland LP raising for its Vital Farmland III fund?
Farmland LP is currently raising $250 million for its Vital Farmland III fund, which will support its regenerative agriculture initiatives.
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