PepsiCo Announces $216 Million Investment in Long-term Partnerships with Three Major Farmer-facing Organizations to Support Regenerative Agriculture Transformation on More than Three Million Acres of U.S. Farmland
Retrieved on:
Tuesday, March 21, 2023
PURCHASE, N.Y., March 21, 2023 /PRNewswire/ -- PepsiCo today announces a $216 million multi-year investment in long-term, strategic partnership agreements with three of the most well-respected farmer-facing organizations – Practical Farmers of Iowa (PFI), Soil and Water Outcomes Fund (SWOF), and the IL Corn Growers Association (ICGA) – to drive adoption of regenerative agriculture practices across the United States. The combined impact of these three strategic partnerships is expected to support the accelerated uptake of regenerative practices on more than three million acres and deliver approximately three million metric tons of greenhouse gas (GHG) emission reductions and removals by 2030.
Key Points:
- "As the climate crisis continues to escalate, the threat to our food system increases as well," said Jim Andrew, Chief Sustainability Officer, PepsiCo.
- Through these partnerships, by 2030, PepsiCo will work with PFI to reach approximately 1.5 million acres; SWOF to reach nearly 1 million acres; and the ICGA to reach approximately 600,000 acres.
- Based on progress to date, these collaborative efforts are expected to deliver more than 500,000 regenerative acres by the end of 2023.
- We're excited to continue partnering with PepsiCo and look forward to working together to create a more diversified and resilient agriculture."