The Fertilizer Institute (TFI) and the Ecosystem Services Market Consortium (ESMC) announced today at Commodity Classic plans to test improved nutrient stewardship as a means of increasing farmer profitability through the ecosystem services market being developed by the ESMC. This pilot project will test the ESMC’s protocols and data intake procedures and other program aspects while TFI will identify potential buyers for the ecosystem service impact credits generated.
The Fertilizer Institute will work with farmers enrolled in their 4R Advocate Program in Illinois, Indiana, Iowa, Minnesota, Missouri, Ohio and South Dakota. TFI’s 4R Advocate Program links nutrient stewardship, including precision agriculture and variable rate application, to farm profitability and has collected production data, including fertilizer applications, from participating producers for four years.
4R Nutrient Stewardship principles incorporate the right source, right rate, right time, and right placement of fertilizer and are a proven framework that helps American farmers increase production and profitability while enhancing environmental protection and improving sustainability. Read the full press release here.