ADM Exceeds 2 Million Regenerative Agriculture Acre Goal for 2023, Increases 2025 Goal to 5 Million Acres

Rhea-AI Summary

ADM (NYSE: ADM) surpassed its goal of 2 million regenerative agriculture acres in 2023, expanding to over 2.8 million acres globally. The company aims for 3.5 million acres in 2024 and 5 million acres by 2025. This initiative focuses on improving soil health, reducing carbon footprint, and involving various crops and regions. ADM collaborates with growers, downstream customers, technology partners, and conservation organizations to drive sustainability across the value chain.

Positive

• ADM exceeded its target of 2 million regenerative agriculture acres, reaching over 2.8 million globally by 2023.

• The company aims to further enhance sustainability by targeting 3.5 million acres in 2024 and elevating the goal to 5 million acres by 2025.

• Collaborative efforts with growers, downstream customers, technology partners, and conservation organizations are driving positive outcomes for soil health and carbon footprint improvement.

Negative

• None.

Launch of regenerative agriculture initiatives in Europe, Latin America accelerate global progress as company works toward 3.5 million acres in 2024

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) announced today that its global regenerative agriculture program expanded to more than 2.8 million acres in 2023, exceeding its 2 million acre goal. In addition, the company announced that it is targeting 3.5 million regenerative acres in 2024 and is increasing its 2025 goal from 4 million to 5 million acres globally.

“ADM is scaling up efforts to enhance the sustainability and reduce the carbon footprint of the value chains in which we operate, and our leadership in regenerative agriculture is a key driver of that bold agenda,” said Greg Morris, president of ADM’s Ag Services and Oilseeds business. “We know that farmers are stewards of the land, and we offer an array of programs that meet their varied needs and empower each of them in the ways that work best for their individual situations. At the same time, we know that retail and CPG leaders understand the urgency of expanding regenerative agriculture to meet consumer demand, and we’re bringing those downstream customers together with farmers to ensure we’re meeting their needs. This collaborative approach, spanning the value chain, has demonstrated its value through our more than 2.8 million regenerative agriculture acres in 2023, and we’re excited to continue to expand our program and lead in this important global effort.”

ADM partnered with more than 28,000 growers of corn, soybeans, wheat, peanuts, cotton, sorghum, canola and barley in 2023 as it expanded its regenerative agriculture efforts globally, including the launch of new programs in Europe and Latin America. Participating farms again saw improvements in soil health and carbon footprint.

Last November, ADM issued its first-ever regenerative agriculture report, detailing priorities, goals, programs and achievements to date. The company expects to issue an updated detailed report later this year.

ADM defines regenerative agriculture as an outcome-based farming approach that protects and improves soil health, biodiversity, climate and water resources while supporting farming business development. Regenerative agriculture is adaptive to local physical conditions and culture, and is based on five principles of land management:

• Minimizing soil disturbance
• Maintaining living roots in soil
• Continuously covering bare soil
• Maximizing diversity with an emphasis on crops, soil microbes and pollinators; and
• Responsibly managing inputs, including nutrients and pesticides.

ADM offers unparalleled capabilities to create value for the entire value chain by partnering to implement and scale regenerative agriculture, working with downstream customers like PepsiCo, Nestlé and Carlsberg; technology partners like Farmers Business Network; and conservation organizations like Practical Farmers of Iowa, Ducks Unlimited and American Farmland Trust. In addition, ADM participates in industry initiatives and coalitions such as Field to Market, Cool Farm Alliance and Sustainable Agriculture Initiative; works with diverse partners like the National Black Growers Council; and leverages funding opportunities to bring more value to farmers, such as through the National Fish and Wildlife Foundation as well as participation in USDA’s Partnership for Climate Smart Commodities. ADM’s regenerative agriculture programs feature direct financial support for farmers; easy processes and cutting-edge technologies to ensure low barriers to entry; and a broad range of support and guidance from both internal and third-party experts.

About ADM

ADM unlocks the power of nature to enrich the quality of life. We’re an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We’re a premier human and animal nutrition provider, offering one of the industry’s broadest portfolios of ingredients and solutions from nature. We’re a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We’re a cutting-edge innovator, guiding the way to a future of new consumer and industrial solutions. And we're a leader in sustainability, scaling across entire value chains to help decarbonize the multiple industries we serve. Around the globe, our innovation and expertise are meeting critical needs while nourishing quality of life and supporting a healthier planet. Learn more at www.adm.com.

Source: Corporate Release

Source: ADM

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430552758/en/

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

How many regenerative agriculture acres did ADM exceed in 2023?

ADM surpassed its goal of 2 million regenerative agriculture acres in 2023, expanding to over 2.8 million acres globally.

What are ADM's regenerative agriculture acre targets for 2024?

ADM aims to achieve 3.5 million regenerative agriculture acres in 2024.

What is the increased regenerative agriculture acre goal for ADM in 2025?

ADM plans to increase its regenerative agriculture goal to 5 million acres globally by 2025.

What does ADM's regenerative agriculture program focus on?

ADM's regenerative agriculture program focuses on improving soil health, reducing carbon footprint, and collaborating with various stakeholders across the value chain.

Which key principles define ADM's regenerative agriculture approach?

ADM's regenerative agriculture approach is based on principles like minimizing soil disturbance, maintaining living roots in soil, covering bare soil, maximizing diversity, and managing inputs responsibly.