Mexico. – PepsiCo announced the continuation of its global agriculture accelerator, the Fund for positive agriculture (FAP), providing funding to 14 projects in 11 countries to address some of the most challenging challenges facing agriculture today.
Three of these new projects are in Latin America. These resources are intended to promote regenerative agriculture as a key way to build a sustainable food system and address climate change in the region.
“Spreading regenerative agricultural practices and building the resilience of those in our agricultural supply chain in Latin America is part of the DNA of our goals with pep+ (PepsiCo Positive), our business vision,” commented Paul Santilliexecutive director of PepsiCo Latin America.
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The goal of the PepsiCo Positive Farming Fund
The FAP is a conversion mechanism designed to increase the likelihood of success of initiatives that seek to accelerate the development of innovative technologies and promotion approaches regenerative agriculture.
- In 2022, FAP invested in projects spanning different ingredients, supply chains and soft drinks markets.
The FAP estimates that it will grant more than $2.3 million for projects in Latin America. The goal of this year’s users is reduce water useimprove soil health and reduce greenhouse gas (GHG) emissions, among other benefits:
- In Brazil, PepsiCo will support potato growers to obtain more efficient irrigation systems, which will also improve soil moisture, optimize nutrient cycling and reduce greenhouse gas emissions.
- In Ecuador, the supported project will involve potato producers who also work with livestock. It will promote crop rotation, between grasses, potatoes and others, and will convert agricultural waste into biofertilizer and biogas.
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