PURCHASE, NY and BENTONVILLE, AR — PepsiCo and Walmart have revealed a seven-year collaboration to pursue $120 million worth of investments to support US and Canadian farmers’ work to improve soil health and water quality.
“This effort is a new model for PepsiCo, marking our first, large-scale strategic collaboration focused on sustainable agriculture with a retail partner,” said Steven Williams, CEO of PepsiCo Foods North America. “Farmers are critical to our business, and many of the brands our consumers know and love rely on ingredients that we source straight from the farm. By joining forces with Walmart, we’ll be empowering farmers through education, upfront investment in outcomes, peer coaching and cost-sharing, and hopefully inspiring others to join us.”