Press release
PepsiCo and Walmart Aim to Support Regenerative Agriculture Across More than 2 Million Acres of Farmland
PURCHASE, N.Y. and BENTONVILLE, Ark., July 26, 2023 /PRNewswire/ -- PepsiCo and Walmart today announced a 7-year collaboration to pursue $120 million worth of
About this update from Pepsico, Inc.
[{"type":"text","content":"PURCHASE, N.Y. and BENTONVILLE, Ark., July 26, 2023 /PRNewswire/ -- PepsiCo and Walmart today 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 year1. \n\n \n \n \n \n \n \n\n \nCommenting 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.\"\nPepsiCo'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.\n\"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,\" said Jim Andrew, Chief Sustainability Officer, PepsiCo. \"Farmers know their business better than anyone else, and what we hear from them is that fo...