Press release
PepsiCo, ADM Announce Groundbreaking Agreement Aiming to Reduce Carbon Intensity by Supporting Regenerative Agriculture Practices on Up to 2 Million Acres of Farmland
Revolutionary strategic partnership between two global companies, with footprints extending from the farm gate to iconic foods and beverages, provides
About this update from Pepsico, Inc.
[{"type":"text","content":"\nRevolutionary strategic partnership between two global companies, with footprints extending from the farm gate to iconic foods and beverages, provides unprecedented and unique opportunity to expand regen ag at scale\n\n CHICAGO & PURCHASE, N.Y.--(BUSINESS WIRE)--\nADM (NYSE:ADM), a global leader in sustainable agriculture and nutrition, and PepsiCo (NASDAQ: PEP) today announced a groundbreaking 7.5-year strategic commercial agreement to closely collaborate on projects that aim to significantly expand regenerative agriculture across their shared North American supply chains. This strategic partnership is expected to reach up to 2 million acres by 2030, and represents a trailblazing effort by two global companies that share ambitious carbon reduction goals. The companies’ capabilities span the food and agriculture value chains, creating a unique, large-scale platform to support farmers’ transition to regenerative agriculture, while building their resilience to climate change.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220914005942/en/\nThe long-term agreement will initially enroll corn, soy and wheat farmers across Kansas, Minnesota, Iowa, Illinois, Indiana and Nebraska, with the opportunity for future expansion, to increase visibility across the value chain and integrate a range of multi-year farmer-first regenerative agriculture initiatives, including cover crops, reduced tillage, nutrient management, diverse rotations, and responsible pesticide use. The companies plan to share resources and collaborate to create value throughout the supply chain by providing participants with technical and financial assistance, offering access to peer regenerative farming networks, hosting educational field days, and tracking results using trusted, third-party measurement systems.\n\nReaching the strategic partnership’s goals could eliminate 1.4 million metric tons of greenhouse gasses – equivalent to the amount of electricity used to power 275,000 homes per year – at the farm level, while creating meaningful shared value directly for farmers.\n\n“Building a better food system is essential to the future health of the earth and all of us,” said Jim Andrew, Chief Sustainability Officer, PepsiCo. “At its core, PepsiCo is an agricultural company, working to spread regenerative agr...