In order to receive payment, fields must be filed by the provided deadline each year. Once filed, the payment for any credits you generate will be sent after the credits have been verified and issued by the registry, then sold by Indigo Ag. We expect this to occur roughly a year after the filing deadline.

After you file your fields:

Carbon by Indigo is the only large-scale carbon program with registry issued credits, which buyers are seeking to purchase. To drive the highest demand and prices with buyers, our program has set high standards of scientific rigor. It takes more time to review the records and have the analysis verified by a third party.

Payments are subject to a five-year vesting schedule with payments for credits generated in a given period. Example timeline broken down below.

File fields in March 2020 --> Receive Y1 50% in March 2021

File fields in March 2021 --> Receive Y2 50% + Y1 20% in March 2022

File fields in March 2022 --> Receive Y3 50% + Y2 20% + Year 1 10% in March 2023

File fields in March 2023 --> Receive Y4 50% + Y3 20% + Year 2 10% + Year 1 10% in March 2024

File fields in March 2024 --> Receive Y5 50% + Y4 20% + Y3 10% + Y2 10% + Y1 10% in March 2025

Soil Sampling on select fields (3 months)

After filing your fields, next up is soil sampling for select fields. It takes about three months to sample fields and get the results back from the labs. Indigo Ag takes the approach of using soil samples and an industry-leading biogeochemical model to calculate credits to ensure the highest accuracy and maximize payments for growers.

Indigo Ag packages field information and calculations for the verifier (1 month)

We then package all the information and send it to an independent, third-party verifier to review. We send field records, countless pages of supporting documentation, soil sample results, and model results from tens of thousands of fields. The number of fields and information keeps growing year over year. This takes about a month to package and send.

Verifier reviews the report in depth and confirms field information and results (6 months)

The verifier then takes around 6 months to review all this information and Indigo Ag’s calculation of credits. Indigo Ag and the verifier discuss and work through any questions during this time such as questions about the field information, our model, or how we performed the soil sampling. Employees from the verifier will also visit a handful of randomly selected fields to talk to the growers about the information they provided, similar to an auditor.

Registry approves the verification report and issues credits (1 month)

Once the verifier has completed their review and approved Indigo Ag’s report, the verifier submits a final verification report to the registry for approval. The registry then reviews the verification report and completes the verification process. At that point, they issue the credits to Indigo Ag, and we can sell the credits to buyers.

Indigo Ag sells credits, then we pay you!