Environmental
In North Dakota, 'carbon sequestration' rights in agricultural soils relate to:
AThe right to extract carbon from the earth for fuel
BThe emerging market for landowners to sell credits for carbon stored in their soil through no-till or other conservation farming practices✓ Correct
CThe right to burn agricultural residue
DMineral rights for coal extraction
Explanation
Carbon markets allow North Dakota farmers to earn credits for carbon sequestered in agricultural soils through conservation practices like no-till farming. These carbon credits can be sold to companies seeking to offset their emissions.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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