Production of belowground organic matter is critical to sustainability of salt marshes. It plays a role in vertical soil accretion, a process essential for salt marshes to maintain their relative elevation and persist as sea levels rise. This paper examines belowground production and soil carbon of a high-latitude saltmarsh in the St Lawrence Estuary (Québec, Canada), which had been subjected to six years of sheep grazing. In the seventh year, without sheep, organic matter production in grazed and ungrazed sections was assessed by examining harvests of plant litter, end-of-season standing crop, and the roots and rhizomes present in in-growth cores. Excepting salinity, porewater chemistry varied little. The grazed marsh had higher soil carbon density and belowground production, yet lower aboveground biomass. Grazing reduces plant litter and increases solar exposure, soil temperature (at this latitude, soil remained frozen until April) and evapotranspiration, thus raising soil salinity and nitrogen demand, the latter a driver of root production. Grazing may not be detrimental to soil carbon storage. Permitting certain types of grazing on restored salt marshes previously drained for agriculture would provide economic incentive to restore tidal flooding, because the natural carbon sink provided in the recovered marsh would make these lands eligible for carbon payments.