Verde Resources Inc. Verde Resources announced a merger and acquisition (M&A) between its wholly owned subsidiary Verde Renewables, Inc and Rice Tech LLC of Nebraska. The partnership includes developing regenerative soil blends with activated biochar for carbon farming.
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Biochar is a carbonized, solid form of recycled biomass through the process of pyrolysis, and is a key component in regenerative agriculture when blended with organic compost in topsoil application. Biochar nurtures a micronutrient environment that enhances soil health and crop yield, while simultaneously removing carbon from the atmosphere.
Rice Tech LLC is based near Lincoln, Nebraska. Its founder, Benjamin Rice, who is only 26, has been a student of the soil and natural composting practices since the age of 14. He has developed, managed, and owned multiple compost sites including the largest food waste composting facility in Nebraska. He has assisted farmers across the Midwest by implementing compost into their soil fertility programs to build soil fertility and increase microbial diversity. His passion aligns with Verde’s vision of Going Green and Beyond by delivering high quality compost and carbon rich soil amendments to farmers across the globe that would help revitalize the soil as well as mitigate the climate. Rice Tech’s experience will invigorate the development of Verde’s portfolio of soil blends, aimed for release in Q4, 2022.
“Rice Tech is looking forward to operating under Verde‘s umbrella to create real change in soil, climate, and food production.” expressed Benjamin Rice.
“With an experienced team, we are really excited about what the future holds, and we are going to advocate how important it is to reevaluate and change our approach to farming. For growers that want to produce healthy nutrient dense food, they will need healthy plants. To get healthy plants we need healthy soil. And if we fix the soil, we fix the planet. Nothing we are doing is a new idea. Biochar, compost, and plant enzymes have been used for thousands of years and their benefits are well known. The difference now is, we have the technology and data to refine these products and produce them to the scale needed to match today’s high production farms. With traditional soil health products and practices, it can take decades to see improvement. Verde’s products will activate biological life in the soil in year one, immediately reducing the use of synthetic fertilizers. Our products will continue to build soil carbon and fertility year after year, while allowing farmers to maintain high yields and substantially reducing the required synthetic fertilizers and chemical inputs for their crops. With carbon credit income opportunities, along with the reduction in input costs, will be the fastest way for our customers to increase their profitability. With this approach, we can inspire a new generation of farmers to work with the soil and not destroy it.”