• PepsiCo Inc (NASDAQ: PEP) will make a $216 million multi-year investment in long-term, strategic partnership agreements with three farmer-facing organizations.

• The organizations are Practical Farmers of Iowa (PFI), Soil and Water Outcomes Fund (SWOF), and the IL Corn Growers Association (ICGA).

• The initiative will drive the adoption of regenerative agriculture practices and reduce carbon emissions.

• Through these partnerships, by 2030, PEP will work with PFI to reach approximately 1.5 million acres, SWOF to reach nearly 1 million acres, and the ICGA to reach 600,000 acres.

• Based on progress to date, PEP expects the collaborative efforts to deliver more than 500,000 regenerative acres by the end of 2023.

• PepsiCo's ambitious pep+ targets include driving the adoption of regenerative agriculture practices across 7 million acres – approximately the size of PEP's agricultural footprint – by 2030 and achieving net-zero emissions by 2040.

• Price Action: PEP shares are trading lower by 0.40% at $176.88 on the last check Tuesday.

• Photo Via Company

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This article Pepsi Just Plowed Hundreds Of Millions Of Dollars Into Regenerative Farming: What It Means originally appeared on Benzinga.com

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