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Land O’Lakes Set for $2 Million Carbon Credit Sale to Microsoft

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Photographer: Ariana Lindquist/Bloomberg

Land O’Lakes Inc., one of the biggest U.S. farm cooperatives, has found a way for its farmers to cash in on carbon dioxide trapped in soil.

Its subsidiary Truterra LLC agreed to sell as much as 100,000 metric tons worth of carbon credits to Microsoft Corp., allowing corn, soybean, wheat and cotton farmers to fetch $20 a ton this summer. The Arden Hills, Minnesota-based company says its the first farmer-owned program of its kind.