CIBO Technologies, the climate software company for agriculture, has officially announced an expansion of its Environmental Quality Incentives Program (EQIP) solution, which is now available across 19 states.
According to certain reports, this EQIP expansionwithin CIBO Impact will help improve farmers’ application strength and enable more farmers to combine government financial incentives with corporate funding programs. You see, by connecting farmers with financial incentives designed to scale conservation practices, CIBO is helping to facilitate the transition to more resilient farmlands.
More on the significance of such a development will reveal how, with USDA increasing the EQIP budget by $1.65 billion in 2024, more farmers can receive federal funding to expand their conservation practices. Amidst all this, CIBO is addressing major pain points of the traditional process to benefit farmers, their trusted advisors, the USDA, and private companies with Scope 3 emissions goals.
Talk about the benefits of CIBO EQIP on a slightly deeper level, they begin from the prospect rooted innew application strength rating feature which lets farmers explore “what-if” scenarios and see how each practice they are considering changes the strength of their application relative to state ranking pool priorities. Farmers can apply for practices that fit their farm and best position them for funding.
Next up, there is a prospect for farmers to save time and trips to the National Resources Conservation Service (NRCS) office. This particular prospect is a direct byproduct of CIBO’s ability to reduce steps and potential omissions. On top of that, CIBO also streamlines the application process by identifying and pre-populating forms, handling digital submissions to USDA service centers, and ensuring their receipt.
“As an agronomist helping farmers with conservation programs, I want all of my farmers to understand both the privately funded and government funded programs – like EQIP – available to them,” said Noah Goza, Agronomist, FarmComp Manager, NRCS Technical Service Provider of Heartland Soil Services. “I want them to see and understand the rules for each program, and the payments each program offers so they can choose the one best suited to their operation. CIBO helps me navigate multiple public and private programs at the same time to see what is available and how they can stack for each farmer.”
Another piece of highlight here is rooted in how CIBO EQIP makes sure that applicants are more prepared for their first NRCS site visit because working with the CIBO platform and trusted advisors is more likely to give them a better understanding of the EQIP program.
In essence, expanding from Illinois, Indiana, Iowa, and Ohio, CIBO’s EQIP solution is now available in Delaware, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Virginia, West Virginia, and Wisconsin. To go along with it, CIBO plans on expanding to more states and more programs in 2025.
Making the whole development even more important is, of course, CIBO’s existing stature, which is built on applying advanced software to deliver a deep understanding of agricultural systems at scale. The company’s current focal point includes driving regenerative agriculture in order to help mitigate climate change, advancing food system resilience, and improving grower outcomes. CIBO’s excellence in what does can also be understood once you take into that it has been 2021, 2022 and 2023 AgTech “Company of the Year,” 2023 Fast Company Brands that Matter honoree, and a Thrive 50 company etc.
“CIBO is committed to empowering farmers with the tools they need to maximize incentives,” said Daniel Ryan, CEO of CIBO Technologies. “We are opening the door for critical funding and helping farmers leverage incentives from both public and private programs. Our goal is to ensure that farmers can start with EQIP and secure the highest payments possible.”
