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Board approves AgriCapture as qualified carbon‑project developer under state program
Summary
The board approved AgriCapture as a qualified carbon project developer for the state land board’s biological carbon program. The item formalizes a path to generate avoided‑conversion credits on eligible grasslands, subject to 40‑year protection commitments and off‑ramps described by staff and the developer.
The board voted to qualify AgriCapture as a carbon project developer under the State Land Board’s biological carbon program. The approval authorizes staff to work with AgriCapture on program development; the board did not approve any specific parcel enrollment at this meeting.
Staff described AgriCapture’s method as an avoided‑conversion protocol that targets grasslands and rangelands with at least 10 years of no‑tillage history and a demonstrable threat of conversion. Under the protocol, payments compensate the trust for the opportunity cost…
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