Will document emission reductions in agriculture
AB Linas Agro, one of the largest agribusiness companies in the Baltic States, has become the sole representative of HeavyFinance’s Carbon Farming Program in Lithuania. Together, the companies will aim to reduce farmers’ CO2 emissions, improve soil quality and farm profitability.
Linas Agro will have the unique opportunity to offer farmers the internationally recognized HeavyFinance Carbon Farming Program, which already covers more than 700,000 hectares of farmland in Europe. Based on the methodology of the US organization Verra, the companies will help farmers to switch to no-till farming, providing recommendations on crop rotation, intercropping and other regenerative practices.
According to Jonas Bakšys, CEO of AB Linas Agro, innovative solutions in the face of climate change are inevitable to create long-term value for farms, helping them to grow in a stable and sustainable way.
“We are excited to work with HeavyFinance aiming to enrol over 300,000 hectares of arable land in Lithuania within the next three years. This collaboration will drive the transition towards more sustainable farming practices and generate valuable carbon credits. ‘GeoFace’, our digital farm management platform, will further support this initiative by allowing farmers to easily input their farm activities, automatically generating data that can be directly shared with HeavyFinance.”
Jonas Bakšys, CEO of AB Linas Agro
AB Akola Group, which owns seven farming companies, has already enrolled some of its arable fields in HeavyFinance’s Carbon Farming Program. The group plans to include more fields to improve soil quality and increase the sustainability of business.
“We always test new initiatives on our farms. After successfully piloting this program on one of our farms covering 2,147 hectares, we are now extending it to include lands managed by several agricultural companies, totaling 17,625 hectares.”
Mažvydas Šileika, CFO of AB Akola Group
Carbon Farming Program will measure the carbon dioxide emissions that are reduced and removed from the atmosphere on the farms included in the program. International organizations will issue carbon emission certificates after thoroughly verifying performance and results. Each carbon emission certificate is equivalent to one ton of CO2 removed, with current market prices at around EUR 35 per certificate. On average, farms participating in the program remove 2 tons of CO2 per hectare annually from the atmosphere, generating additional income from the sale of carbon emission certificates.
“Embracing regenerative farming is not just about preserving the land, it’s about investing in the future of our food systems, our communities, and our planet. By nurturing the soil, we are cultivating resilience, fostering biodiversity, and ensuring that agriculture remains a force for good in the world. This shift isn’t just necessary, it’s an opportunity to lead the industry towards a more sustainable, prosperous future. Aiming to remove 1 gigaton of CO2 emissions by 2050, we see this partnership as an important step in increasing the sustainability of Lithuania’s agricultural sector.”
Laimonas Noreika, CEO of HeavyFinance
The carbon credits of farmers participating in the HeavyFinance program are sold on a voluntary international market. They are bought by businesses to offset their unavoidable CO2 emissions. Major buyers in this market include tech giants Microsoft, Google, Salesforce, Delta airlines, and entertainment and media company Disney.
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