Agriculture plays a dual role in global climate change, contributing to greenhouse gas (GHG) emissions while also offering the potential for carbon sequestration. The management of agricultural waste is a critical component in the global effort to enhance environmental quality and combat climate change. While essential for food security, agricultural activities significantly contribute to GHG emissions and environmental degradation, primarily due to improper waste management practices. This chapter explores various strategies for recycling farm wastes, such as composting (vermicomposting and anaerobic digestion), integration of agroforestry, biochar production and application to soil for soil carbon stabilization, and improved agronomic practices to enhance soil carbon sequestration and reduce the environmental footprint of agriculture. Various best management practices that have the potential to enhance soil carbon storage have been emphasized. Adopting these methods not only improves soil health and increases soil organic carbon (SOC) but also offers a pathway to transform agriculture into a net-negative carbon sink. The integration of farm waste management into the circular bioeconomy has been put forth as a strategy to mitigate environmental pollution and enhance soil fertility, while showcasing as approaches by which farmers could earn carbon credits to monetize their efforts. The future of negative carbon sinks in Indian agriculture is envisioned through the adoption of sustainable practices, technological advancements, and supportive policies. This holistic approach is essential for transforming agricultural systems into effective carbon sinks, thereby contributing to global climate change mitigation.