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PepsiCo

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PepsiCo and Walmart to Support Regenerative Agriculture

PepsiCo and Walmart today announced a 7-year collaboration to pursue USD 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 ractices 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. 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. Jim Andrew, Chief Sustainability Officer at PepsiCo:  "Successful sustainability starts and ends with trust. At PepsiCo, we work very hard to earn the trust of the farmer so they understand that we are investing in their legacy and they can hand their farm down to the next generation." "Farmers know their business better than anyone else, and what we hear from them is that for regenerative agriculture to make business sense, three things need to happen." "They need economic support, social and cultural support, and agronomic support. This strategic collaboration with Walmart will advance our shared goal to have farmers' backs as they transform farming in a way that benefits the planet and people." Jane Ewing, Senior Vice President for sustainability at Walmart:   "At Walmart, our sustainability strategy is built to make the everyday choice the sustainable choice for our customers.""This collaboration with PepsiCo is a great example of how we are prioritizing the expansion of regenerative agricultural practices among farmers across North America so that we can continue to make quality products affordable and accessible for customers.""This collaboration aims to help elevate farmer livelihoods, engage them on how to more sustainably manage soil health, increase yields and create a model that others can mimic across other product categories, including encouraging additional investments in regenerative agriculture by other brands." This collaboration is a key example of how Walmart is prioritizing purposeful collaborations to accelerate the adoption of regenerative practices in line with its goal to protect, restore or more sustainably manage 50 million acres of land and 1 million square miles of ocean by 2030 along with the Walmart Foundation. https://www.newfoodmagazine.com/news/193932/pepsico-and-walmart-join-forces-to-invest-in-farmers/

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38 more agrees trigger social media ads

  • Grace Njeri

    47 w

    Best way to counter climate change and promote food security.

    9
    • Rashid Kamau

      47 w

      Regenerative agriculture is the way forward to decarbonise the food system and make farming resilient to climate shocks.

      4
      • Sarah Chabane

        47 w

        I think they could invest way more considering the profits they are making

        16
      • bonke reinhard

        47 w

        Farmers can now smile,,there are more hopes to improve the Agriculture sector from the local Agriculture to smart Agriculture what a milestone

        7
        • Andy Middleton

          47 w

          $120 Million over 7 years is all??? That’s nothing to those companies, but it IS a necessary start!

          14
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