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PEPSICO, WALMART ANNOUNCE REGENERATIVE AG PRACTICE COLLABORATION
Aug. 1, 2023
Feedstuffs magazine reports:
PepsiCo and Walmart recently announced a 7-year collaboration to pursue $120 million worth of investments focused on supporting U.S. and Canadian farmers in their pursuit to improve soil health and water quality.
By establishing and scaling financial, agronomic, and social programs, it aims to enable and accelerate the adoption of regenerative agriculture practices on more than 2 million acres of farmland and deliver approximately 4 million metric tons of greenhouse gas (GHG) emission reductions and removals by 2030 - roughly equivalent to the amount of electricity needed to power 778,300 homes for one year.
Commenting on the voluntary adoption of regenerative agriculture practices, Jeff Huffman, owner & operator of Island Farms LLC in Maxwell, Neb., said, "From my perspective, embracing regenerative agriculture is essential. It's good for farmers, not only because it's beneficial to the environment and our food quality, but also for the profitability of our businesses.
"If you use less fertilizer and you grow a bigger crop, or if you use less water and can still grow the same size of crop, it strengthens your farm in a way that benefits the bottom line and our environment for generations to come."
PepsiCo's and Walmart's businesses are dependent on farmers to grow ingredients that are used to make the delicious products that consumers enjoy every day. With a supply chain for the two companies that stretches across North America and involves a large volume of critical crops - including potatoes, oats, corn, wheat, soybean and rice - sustainability will look different from commodity to commodity, region to region, and even farm to farm.
The collaboration between PepsiCo and Walmart offers a voluntary, flexible approach to regenerative agriculture that gives farmers a seat at the table, recognizes the diversity of agriculture and that one size does not fit all.
To read the entire report click here.
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