New research released today by McKinsey & Company indicates that about 50 percent of the reduction in on-farm agricultural emissions required for a 1.5°C pathway are cost neutral or ROI-positive today. However, major barriers, namely transition financing, investment to reduce costs, behavior change, and additional incentives such as increased carbon prices are needed to support adoption.

 The agricultural transition: Building a sustainable future report reveals that while many opportunities are viable today, incentives, likely in the form of carbon prices or other financing, may need to reach $150/ton to unlock many more. Moreover, barriers in carbon markets and financing remain for those that are viable. For example, only 1 percent of all carbon credits are issued through agriculture, and private investment in sustainable agricultural technology fell significantly last year. 50 percent of US farmers cite low ROI as a top reason for not participating in carbon programs.