Farmers can now avail of a new renewable energy crop
Farmers and landowners are urged to consider maximising returns and reducing risk with Miscanthus – a renewable energy crop with a rising market demand.
Produced for an increased number of markets, including renewable power generation, livestock bedding, domestic fuels and many more, the crop thrives on unproductive farmland and guarantees returns on long-term contracts, promising a move away from the price volatility associated with traditional agricultural markets.
Terravesta is the world-leading Miscanthus specialist, and works with growers to facilitate planting, provide agronomic support, secure lucrative markets and offers long-term index-price-linked contracts.
The firm is looking for growers to plant its own Terravesta Performance HybridsTM in spring 2021, to meet increased demand.
Terravesta Performance HybidsTM provide an average net profit of £558/ha over 15 years.
‘Low input, high output option’
“Miscanthus is ideally suited to lower grade, unproductive marginal land,” says Terravesta chairman, William Cracroft-Eley.
“It’s a low input, high output option, and once established, no fertiliser is required, as the rhizome recycles nitrogen back into the soil.”
Terravesta is looking for more growers to help to meet the increased demand from whole bale power stations and emerging markets.
“We’re offering growers 10-year retail price index-linked contracts,” said Cracroft-Eley.
Markets for large-scale heat and power generation are growing and there are exciting second-generation markets emerging from biorefining Miscanthus for advanced end-uses, including degradable bio-plastics, pharmaceuticals, bio-ethanol and biogas production, as well as fibre uses for construction, materials and furniture.
The firm is also progressing a standardised approach to measuring and auditing Miscanthus carbon storage, enabling farmers to have a framework for carbon trading.
Terravesta is working with world-leading plant scientists to develop new Miscanthus Performance HybridsTM, aiming to further build on the improvements of the rhizome-based variety Terravesta AthenaTM launched by the firm in 2019, with the added benefit of being cultivated from seed.
“This will mean that new markets for the crop will need to continue to develop,” added Cracroft-Eley.