PepsiCo has invested $216 million in long-term, strategic partnership agreements with three US-based farmer-facing organizations to drive the adoption of regenerative agriculture practices across the US.
The partnerships are with Practical Farmers of Iowa (PFI), Soil and Water Outcomes Fund (SWOF), and the IL Corn Growers Association (ICGA) to establish and scale financial, agronomic, and social programs that enable the transition to the new practices through education, upfront investment in outcomes, cost-sharing, peer coaching, and networking.
.PepsiCo expects the combined impacts of the partnerships will support the uptake of regenerative practices on more than 3 million acres, delivering approximately 3 million metric tons of GHG emission reductions and removals by 2030.
The investment is set to help the US farming community make changes that secure production volumes and mitigate the impacts of climate change.
By 2023, the coordinated efforts of the collaboration are expected to deliver more than 500,000 regenerative acres. PepsiCo estimates that by 2030, PFI will cover around 1.5 million acres, SWOF would cover almost 1 million acres, and ICGA will cover roughly 600,000 acres.
The investment will considerably help the food and beverage juggernaut reach its 'pep+' ambitions, which include promoting the adoption of regenerative agriculture practices across 7 million acres by 2030 and attaining net-zero emissions by 2040.