Linas Agro and HeavyFinance will convert 300.000 ha of agricultural land to regenerative farming.
One of the largest agribusiness companies in the Baltics, AB Linas Agro, has “become the exclusive representative of the HeavyFinance Carbon Farming Program in Lithuania.”
Together, the companies aim to reduce “the levels of CO₂e emissions within agriculture while improving soil fertility and farm profitability.”
Linas Agro will have the opportunity “to offer farmers the internationally recognized Carbon Farming Programme by climate technology company HeavyFinance.”
Covering over 700,000 hectares of arable land across Europe, the program is “based on Verra‘s methodology, the world’s leading certifier of carbon offsets.”
It provides tailored recommendations for “no-till farming, crop rotation, and regenerative practices, supported by free soil sampling and data analysis.”
AB Akola Group, which owns Linas Agro, has already “enrolled part of its cultivated fields in the HeavyFinance Carbon Farming Program.”
The group plans to include more fields to “improve the soil health of the farms and increase profitability.”
Farms part of the Carbon Farming Program will “have their reduced and removed CO₂ emissions measured using the data collected by the HeavyFinance team and the results of the soil testing campaigns that measure the density of the carbon sequestered in the soil.”
After a thorough third-party audit of the practices implemented and the results, Verra will issue carbon credits “that can then be sold at the Voluntary Carbon Market.”
Laimonas Noreika, CEO of HeavyFinance, said this is not just about preserving land. It is about investing in the future of the food system. Noreika said they are cultivating resilience.
Each carbon emission certificate generated through these efforts “is equivalent to one ton of CO₂e removed, with current market prices at around €35 per certificate.”
On average, farms participating in the program “remove 2 tons of CO₂e per hectare annually from the atmosphere, generating additional income from the sale of carbon emission certificates.”
These carbon credits are then traded “on the voluntary international market, where businesses purchase them to offset their unavoidable CO₂e emissions.”
Notable buyers include leading tech companies “such as Microsoft, Google, Salesforce, airlines like Delta, and entertainment and media companies like Disney.