Agricarbon will utilize investments to scale its operation quickly, making soil carbon quantification accessible to farm and land businesses everywhere.
Shelagh Hancock, First Milk chief executive, said, “As part of our First4Milk sustainability program we have committed to achieving net zero by 2040 at the latest and to sequestering an additional 100,000 tonnes of carbon per year through the adoption of regenerative agricultural practices by our members. Having robust, scientifically validated data to establish an accurate soil carbon baseline, and monitor future changes, is essential to the delivery of this strategy and by working with Agricarbon we are already leading the way globally in this area.
“Our investment in Agricarbon will help it scale faster, allowing it to rapidly accelerate its ambitious growth plans. It will also further strengthen our position in dairy sustainability, helping us to demonstrate that our dairy farmer members can be part of the solution to the climate crisis through good soil management.”
Annie Leeson, co-founder and CEO, Agricarbon, said, “First Milk understood, early on, the vital role that high integrity soil carbon measurement will play in achieving net zero targets for agriculture. Having the support of forward-thinking customers like First Milk is invaluable for innovators like Agricarbon. Their investment will allow us to expand our service to the wider farming industry and meet rapidly building demand for affordable, decision-grade data on carbon stock and soil carbon sequestration, unlocking the potential for sustainably managed soils to offer a major new natural climate solution.”