PepsiCo announced plans to invest $216 million in long-term, strategic partnership agreements with Practical Farmers of Iowa, the Soil and Water Outcomes Fund and the Illinois Corn Growers Association to enable more farmers to transition to regenerative agricultural practices. The largest food and beverage company in North America aims to deliver approximately three million metric tons of greenhouse gas (GHG) emission reductions and removals by 2030 as a result of these multi-year agreements. Across the U.S., the firm plans to drive the adoption of regenerative agriculture practices across 7 million acres – approximately the size of PepsiCo's agricultural footprint – by 2030 and achieve net-zero emissions by 2040. “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,” said Jim Andrew, Chief Sustainability Officer, PepsiCo. Adam Kiel, managing director of the Soil and Water Outcomes Fund, said that providing high-quality and customized agronomic assistance to farmers implementing new practices helps farmers “reduce emissions and nutrient loss, unlock a new revenue stream, and increase the value of their farmland for current and future generations."
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