Grow Indigo has paid about 2,550 farmers in Punjab and Haryana for more than 57,000 agricultural carbon credits, with individual payments between Rs 3,000 and Rs 15,000. The agri-tech company made the payouts from its own funds before the credits were fully sold, after farmers were offered a fixed one-time payment instead of waiting for future credit sales. Most farmers chose the fixed option. Under the original agreement, farmers were entitled to 75% of net revenue from credit sales. Grow Indigo will record any difference between the payout and the eventual sale price as profit or loss. The article also covers a separate study on direct-seeded rice that reported a nearly 90% reduction in methane emissions compared with conventional flooded paddy, which could open up more carbon credit opportunities in rice farming.
