National & World Ag News Headlines
PepsiCo Investing in Efforts of Farm Groups
USAgNet - 03/29/2023

PepsiCo 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.

PepsiCo will work alongside these trusted organizations to establish and scale financial, agronomic, and social programs that enable the transition to regenerative agriculture practices through education, upfront investment in outcomes, peer coaching and networking, and cost-sharing.

Driven by PepsiCo Positive (pep+), the company's strategic, end-to-end business transformation, PepsiCo's strategic investment in PFI, SWOF and ICGA is essential to supporting the U.S. farming community as it makes changes that aim to secure production volumes and mitigate the impacts of climate change, while still cultivating quality, bountiful crops to feed the world's growing population.

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.

As the largest food and beverage company in North America, and second largest globally, a resilient food system is essential to PepsiCo's business and its ability to meet its ambitious pep+ targets which include driving the adoption of regenerative agriculture practices across 7 million acres - approximately the size of PepsiCo's agricultural footprint - by 2030 and achieving net-zero emissions by 2040.

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