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ADM (Archer Daniels Midland Company) today released its second annual report detailing the company's global work to advance regenerative agriculture practices. The document includes explanations of ADM's definition, principles and approach to the topic, as well as updates on the company's programs in four regions: North America, Latin America, Europe and Asia-Pacific.
The company defines regenerative agriculture as a set of agricultural practices that seek to improve soil health, increase biodiversity and reduce carbon emissions. It takes a holistic approach, connecting thousands of farmers around the world with technical assistance partners such as Farmers Business Network, Map of Ag, American Farmland Trust, Ceres Rural and Bayer SA, and downstream customers such as Ooni Pizza Ovens and The JM Smucker Co.
In 2023, ADM implemented regenerative agriculture programs in several regions. In Latin America, for example, the company has collaborated with farmers to introduce practices that improve input use efficiency and carbon intensity. In North America, partnerships with the American Farmland Trust and other organizations have resulted in significant advances in soil health and carbon sequestration.
Some of the results: The company reduced its Scope 3 carbon footprint by 310 metric tons of CO2 equivalent and sequestered 263.700 metric tons of CO2, the equivalent of removing more than 135.000 cars from the road for a year.
Additionally, ADM reiterated its goal of reaching 5 million regenerative acres by 2025. This effort has the potential to reduce and sequester CO2 equivalent to that emitted from powering 125.000 homes for an entire year. For 2024, the goal is to reach 3,5 million regenerative acres.
Greg Morris (pictured), president of ADM's agricultural and oilseed services division, highlighted the importance of regenerative agriculture for both sustainability and business: “Consumers are demanding more sustainably sourced products, and farmers know that improving soil health and biodiversity, being more efficient with inputs and improving carbon intensity are good for your business and critical to your future. It’s the same for ADM: regenerative agriculture is a great example of how we are collaborating with farmers to support agriculture, strengthen our global food system, and meet growing and evolving commercial demand while fulfilling our purpose and building a brighter tomorrow.” .
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