PURCHASE, NY — PepsiCo has announced a $216 million multi-year investment in long-term, strategic partnership agreements with Practical Farmers of Iowa (PFI), Soil and Water Outcomes Fund (SWOF) and the Illinois Corn Growers Association (ICGA) to drive regenerative agriculture practices across the country.
The partnership is anticipated to support the accelerated uptake of regenerative practices on over three million acres and deliver around three million metric tons of greenhouse gas emission reductions and removals by 2030.
PepsiCo will work with the PFI, SWOF and ICGA to establish financial, agronomic and social programs that transition to regenerative agriculture practices through education, cost-sharing, upfront investment in outcomes, peer coaching and networking.
The company’s strategic investment in these organizations is essential to supporting US farming as the community makes changes to secure production volumes and mitigate the impacts of climate change.
“As the climate crisis continues to escalate, the threat to our food system increases as well,” said Jim Andrew, chief sustainability officer of PepsiCo. “It’s critically important to partner, for the long term, with organizations that have earned the trust of farmers as they make the transition to adopt climate-smart agriculture practices. We intend to be shoulder-to-shoulder with farmers as they work to make soil healthier, sequester carbon, improve watershed health and biodiversity, and improve their livelihoods.”
By 2030, PepsiCo will work with PFI to reach approximately 1.5 million acres, SWOF to reach nearly one million acres and ICGA to reach around 600,000 acres. Based on projections, the collaborate efforts are expected to deliver more than 500,000 regenerative acres by the end of this year.
