BRAZIL – Brazilian pork and poultry processor BRF is set to offer a 2% premium above market prices for soybeans cultivated using regenerative farming methods.
This development was reported by Reuters, referencing the consortium managing the initiative.
Regenerative agriculture, which focuses on enhancing soil health and productivity through methods like crop rotation and organic fertilization, forms the core of this initiative.
The project is organized by a consortium that includes BRF, Germany’s Bayer AG, several Brazilian companies, and a local research group.
Produzindo Certo, a company specializing in establishing sustainable agricultural supply chains and part of the consortium, anticipates that within a year, the project will encompass 30 soy farms.
These farms are expected to produce over 200,000 metric tons of soybeans verified as regenerative, according to Aline Locks, CEO of Produzindo Certo.
Soymeal derived from these soybeans is used by meatpackers like BRF to feed their livestock.
Bayer will play a crucial role in the project by providing tools to measure the benefits that farmers gain from implementing regenerative agricultural practices.
In other news, the company has halted operations at its Carambeí plant in Paraná following a fire that broke out in the early hours of August 1.
The blaze was fully extinguished, and all employees were reported safe.
BRF is currently evaluating the financial impact of the incident.
According to a company statement signed by Chief Financial and Investor Relations Officer Fabio Luis Mendes Mariano, the company has an insurance policy to cover such risks.
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