PepsiCo, Walmart to invest $120m for million acres of farmland
Commodities - JULY 28, 2023

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PepsiCo, Walmart to invest $120m for million acres of farmland

by Released

PepsiCo and Walmart have formed a seven-year collaboration to pursue $120 million worth of investments focused on supporting U.S. and Canadian farmers in their pursuit to improve soil health and water quality.

By establishing and scaling financial, agronomic and social programs, the collaboration aims to enable and accelerate the adoption of regenerative agriculture practices on more than 2 million acres of farmland and deliver approximately 4 million metric tons of greenhouse gas emission reductions and removals by 2030 — roughly equivalent to the amount of electricity needed to power 778,300 homes for one year.

PepsiCo's and Walmart's businesses are dependent on farmers to grow ingredients that are used to make the products consumers enjoy every day. With a supply chain for the two companies that stretches across North America and involves a large volume of critical crops — including potatoes, oats, corn, wheat, soybeans and rice — sustainability will look dif

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