- The person pays a once-off joining fee ($50)
- The person has applied for 5 organic shares at $10 per share
- The person is able to use or contribute to the services of the co-operative
- Is supportive of the overall mission of ORICoop
With recent questions over the legitimacy of the Australian carbon offset scheme, it’s never been more important that carbon emissions are offset with legitimate credits and are free of greenwashing.
Unfortunately, few offerings in the market consider the natural environmental variables faced by the landowners generating the credits, and have the data transparency and accuracy required to inspire confidence that the investment is actually achieving its drawdown goal.
The farmer-owned credits are backed by extensive data collection and have been developed in accordance with the conditions, biodiversity and operations of each farm they’re provided by. Their transparency of data and the ability to directly purchase Eco-Credits from each farm means investors avoid the greenwashing associated with other carbon credit offerings.
ORICoop EO Carolyn Suggate said ‘All farms are assessed as to their suitability for the program, based on their existing farming practices, the area of the farm and the intentions of future management.’
“We don’t want producers to be at risk from any carbon credit program, to overstate their carbon drawdown, or to be exposed by a natural disaster or severe weather event should the carbon levels in their soil or biodiversity decrease,” Ms Suggate said.
These limits are a key part of the design- providing investor security, and lessening the risk of overstating any values, especially following farming challenges or natural disasters that can negatively impact soil carbon improvement efforts such as the extensive flooding occurring throughout NSW and QLD recently.
“Through a collective of the credits, ORICoop’s specialist advisory committee oversees each of the credit applications and validation reports. This includes assessing the management practices, the land management zones, the footprint of the farm business plus the soil testing and results. For each project we determine suitable buffers that enable producers to bank a portion of their credits – the credits are validated annually, and depending on buffer limits, a portion is liquidated at the producer’s discretion,” Ms Suggate said.
Each Eco-Credit represents 1 tonne of CO2 drawdown, in addition the credits represent measures each local organic producer has undertaken to actively improve soil carbon, water efficiency and biodiversity within their properties and farming practices.
“If it turns out that ACCU projects are not delivering contracted reductions, despite high costs of participation, that’s the worst of both worlds. Hopefully the regulator will improve market integrity, and not just by adding more layers of consultant reports,” Mr Coleman said.
“A simpler, more transparent certification process, with low verification costs, can also offer greater integrity. Certification gets done and reported in a way all users understand and accept. Voluntary Carbon Markets (VCM) should be designed with that in mind, which is what ORICoop has set out to achieve.”
Iain Smale, of Pangolin & Associates, said the Eco Credit will be popular for investors by providing other options for carbon credits which also offer a local impact, which is especially important given per-capita carbon emissions in Australia are amongst some of the highest in the world.
“With the Eco-Credit, you’re having a bigger environmental impact than just a carbon credit,” he said.
The environmental impact of our producer operations is key for Australian-owned organic dairy processor & manufacturer Paris Creek Farms. Paris Creek Farms’ Marketing & Communications Manager Alex Donovan said they are committed to increasing the sustainability of their operations, actively working with their producers to achieve this with Eco-Credits initially playing a vital part.
“With bio-dynamic and organic practices, we’re already using one of the most sustainable and regenerative methods of farming in the world, but we are striving to be even more sustainable. Our ultimate goal is to have our farmers generating their own Eco-Credits,” Ms Donovan said.
Ms Suggate said there are many ways the agriculture sector is transitioning beyond net-zero, and that collaboration to improve trust, legitimacy and the urgency for improving how sustainably we produce food is vital, especially after considering the ‘business as usual’ impact on the environment and the urgency of our changing climate as seen recently by some of the worst floods in history.
“We need science to be well funded to enable technology to be more accessible and trusted across the industry. This includes the measurement capability, satellite data, plus legitimate footprint data for farms across all commodities,” Ms Suggate said.
“In the meantime, our organic farming ORICoop members are dedicated to measuring and validating their soil tests and farm footprint. As their credits are validated, these producers form part of the organic farming ecosystem that invests into best practice, research and sustainability programs through a legitimate farmer-led carbon credit based on international guidelines,” she said.
“That includes soil carbon and biodiversity, rewarding producers for sustainable land stewardship practices, while offering these credits to businesses looking to offset their carbon footprint with legitimate credits that are traceable back to each farm that has generated them.”
If your business is committed to achieving net-zero, offset your carbon emissions directly with credits you can trust – register here now.
1. Community driven business structures – Thursday 3rd Dec 6.30pm-7.45pm 2020 and Thursday 10th December 6.30pm – 7.45 2020
Eager to connect with your fellow growers and find ways to get your food to a local, engaged and appreciative audience. Hear from those who’ve trodden this path already, hear first hand about their wins, challenges, growing pains and opportunities. Most importantly ask the questions which allow you to consider what will work for you and meet other growers and producers on a similar trajectory.
2. Getting to Know Your Region and Community – 4th February 6pm – 7.45pm and 11th Feb, 6pm – 7.45pm
While every community beats to a different drum, many follow similar patterns and the insights of others who’ve observed and engaged in community building is a valuable process to support you in your existing efforts or as a foundation of knowledge before you begin. Meet food system pioneers, leapfrog with their learnings and kickstart or reboot your own efforts to work collaboratively as a whole community.
3.Taking Your Collective Business Online – 25th March and 1st April, 6pm – 7.45pm
While we know the increasing influence of online marketplaces, Covid showed us just how powerful it can be for farmers wanting to diversify their paths to market, work collaboratively and be the price maker for their hard grown produce. Learn practical skills, loopholes and opportunities from those who’ve done it and specialise in supporting you to do it too.
4. Resilience in Your Business – 22nd April 2021, 6pm – 7.45pm
Business stability is about being diverse yet focussed, nimble yet strategic, committed yet open to change, having an excellent relationship with your market and always looking to the horizon of innovation and adaptation. Learn from farmers who’ve developed business plans in consideration of these complexities and seek advice and guidance relevant to your specific farming and business needs.
5.Transitional Ownership Pathways to next generation, 13th May 2021, 6pm – 7.45pm
Succession planning is one of the single greatest threats to farming enterprises yet when undertaken successfully, one of the most powerful and rewarding aspects. The complexity of building a successful succession plan is a well trodden path and our expert panel will share a diverse range of case studies of well executed plans, and some of the common pitfalls.
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