Update from the Executive Director
In this holiday season, the ESMC team would like to thank our members, collaborators and stakeholders for their contributions and efforts as partners in establishing the premier U.S. full service ag-based ecosystem services market. Farmers and ranchers are the foundation of this program; we rely on ag producers for food, feed, fuel and fiber, as well as for natural resource conservation and preservation of healthy ecosystems. Building the tools and opportunities to enable farmers and ranchers to continue to meet these needs, to be paid a fair share, and to show measured progress is the aim of ESMC and ESMRC, our research effort. Working with producers and the full food and beverage and agriculture value chain is exciting and rewarding and will help us scale outcomes in a measured and certified program that meets the needs of everyone. We are grateful for your continued support and extend our warm wishes and heartfelt thanks for the opportunity to work with you!
Thank you to the American Farm Bureau Federation (AFBF) for hosting our second in-person member meeting at AFBF Washington, DC, headquarters on 14-15 November. The meeting brought together ESMC members operating under the ESM Research Consortium (ESMRC). ESMRC is made possible through a $10.3M grant award from our partners at the Foundation for Food and Agriculture Research (FFAR), which was announced last week with FFAR and ESMC/ESMRC members during the Sustainable Agriculture Summit in Indianapolis, Indiana. Thank you to all members who participated in the event and voiced continued support for this important work! We are collectively working together to raise and match FFAR’s award with $10.3M in cash and in-kind contributions to help invest in R&D to support a fully-functioning ecosystem services market for U.S. farmers and ranchers. To date we’ve raised just under $3M in match, and we would like to thank everyone for their generous contributions! Thank you also to our members for the robust discussion during our November meeting, which helped to refine the value propositions and key services and linkages needed to remove risk from a full-service market while ensuring rigor, cost-effectiveness, and transparently quantified and monetized outcomes. Addressing technical, scientific, and sociocultural aspects of the program while also further developing the programmatic infrastructure needed for a functioning market at scale takes time and deliberation, and the discussions were constructive, informative, and helped to elaborate next steps.We have begun planning for our February 12-13 meeting in Las Vegas, Nevada, to be hosted by the National Association of Conservation Districts (NACD) during their annual meeting. Thank you to NACD for your support and for hosting!
Also during this period we have been focused on continued elaboration of working group efforts; development of protocols for additional U.S. regions and production systems (the Midwest and Northern and Western plains regions and production systems); alignment of pilot project efforts for 2020 and beyond; and evaluation and assessment of the Southern Great Plains pilot project. Our team has participated in many informative and constructive conferences and events that collectively show great progress and promise for supporting ecosystem service markets development, whether to address climate mitigation and adaptation or to achieve improved natural resource outcomes. ESMC’s timing is serendipitous in that it coincides with a wave of scientific evidence about natural carbon sinks playing a key role in climate mitigation and about the ancillary benefits of soil carbon and working land enhancements in meeting societal needs. Additionally, ag tech is exploding, and will continue to play a key role and provide beneficial lift in our free-market approach.
Happy holidays, and best wishes for a peaceful, prosperous and successful new year!
– Debbie Reed and the ESMC Team
FFAR Awards $10.3 Million to ESMC
In a lead up to the Sustainable Agriculture Summit in Indianapolis, the Ecosystem Services Market Consortium (ESMC) and the Foundation for Food and Agriculture Research (FFAR) jointly announced on November 19 the award of $10.3 million from FFAR to establish the research component of ESMC that supports the development of a national environmental credit marketplace. ESMC and its members will match the grant over three years to fund research and development projects in this public-private partnership for a total investment of $20.6 million. Continue reading the full news release here.
ESMC Launches New Facebook Page
ESMC is pleased to announce the launch of its new Facebook page. This will serve as an interactive platform where current members, potential members and the general public can stay up to date on ESMC news and learn more about ESMC. You can find the page by searching the handle @EcosystemServicesMarketConsortium on Facebook, or viewing the page directly here.
ESMC Submits Comments to House Select Committee on Climate Change
ESMC submitted comments to the House Select Committee on Climate Change regarding the importance of market-based solutions such as those being developed by ESMC to address climate change.