My $10 price was rejected.
Selling carbon credits
- Thread starter BenAllgood
- Start date
Howboutthemdawgs
5 year old buck +
Looks like I got chosen for an on-site survey. Will be interesting to see how we line up access. I’m not leaving the gate unlocked
Hoytvectrix
5 year old buck +
We got selected as well. From my experience in the ag carbon market, this is typically done on an incredibly small subset (think <3% of accounts). I am thinking they will be doing drones in addition to boots on the ground for the surveying in order to calibrate their GIS data.
Howboutthemdawgs
5 year old buck +
they were very generous with my credits…luckily the survey doesn’t adjust their number. Or maybe I don’t understand the formula and they are accurate. Seemed high to me.
Hoytvectrix
5 year old buck +
They were also generous with ours. We only have about half of our 160 acres in timber and they quotes us 160 credits. I can assure you that most have a higher quality timber count than we do. We will certainly help with their model reverting to the mean if it was over-estimating before lol.
Howboutthemdawgs
5 year old buck +
I have 250 acres and it’s all timber but about 75 acres is “crap” and they gave me 723 credits!
BenAllgood
5 year old buck +
Dang, you can buy some pretty good feeders with that.
jk
Mortenson
5 year old buck +
And a plow!Dang, you can buy some pretty good feeders with that.
Howboutthemdawgs
5 year old buck +
Spending it all on Big and J Deadly Dust. That will get all the bigguns to come by my stand.
Hoytvectrix
5 year old buck +
NCX. There is more discussion earlier in the thread on how to enroll and what the program entails. Unfortunately the enrollment for this program is over for next year.
My assessment for 85 acres, $75k stumpage value was 94 credits. Will anyone provide similar data about how NCX is assessing these? I think it would help us all.
From Dawgs post above, the credit assessment is the pivot point, not the $ per credit. If I’d have been given an assessment of 3:1 credits:acres then $8 would’ve put me close to the 4% discount rate they seem to assume.
From Dawgs post above, the credit assessment is the pivot point, not the $ per credit. If I’d have been given an assessment of 3:1 credits:acres then $8 would’ve put me close to the 4% discount rate they seem to assume.
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BenAllgood
5 year old buck +
That was the round for the winter cycle. They are accepting sign-ups now for the spring cycle.
Apple Junkie
5 year old buck +
There is an interesting, but still evolving market for carbon sequestration. NCX is the easiest, shortest, and least restrictive of the carbon markets, and pays the least. As commitments become longer and requirements become more defined, the payments increase accordingly. I recently sat in on a webinar put on by Penn State discussing Carbon Capture. Some of it is very interesting, some might put you to sleep, but overall, it does provide some insight into where this is headed. Link below if interested…
psu.mediaspace.kaltura.com
A Review of the Forest Owner Carbon Market Assessment and Planning Tool (FCMAP) - Penn State MediaSpace
Hoytvectrix
5 year old buck +
On our farms we have had a forestry team out to do the on-site calibration measurements with NCX. On our 160 acre farm it took about 2 days. My brother's 60 acre property took 1 day. We picked the guy's brain for a bit on how the calibration process works as well as some restrictions on harvesting timber throughout the enrollment period.
For those who have not enrolled yet, I believe there is open enrollment now for the spring.
For those who have not enrolled yet, I believe there is open enrollment now for the spring.
Howboutthemdawgs
5 year old buck +
Yeah they came out to me about 2 weeks ago. They called the day before to let me know. Told them that wasn’t enough heads up for me to get there and open the gates but he was more than welcome to park at the gate and walk which he did. Took him a day on my place. No clue the result of their audit but apparently it doesn’t matter in terms of compensation.
