ADM Grows North American Regenerative Agriculture Program, Launches Significant Expansion Initiative

Rhea-AI Summary

ADM (NYSE: ADM) is expanding its re:generations™ regenerative agriculture program to cover 2 million acres across 18 states and Canada in 2023, and 4 million acres globally by 2025. This initiative aims to provide more North American producers with additional income opportunities while promoting environmental and soil health. The expansion offers financial incentives and technical support for implementing regenerative agriculture practices, with premium payments of up to $25 an acre per year and additional per bushel premiums for grain delivered to ADM. The company is also investing in digital farm-management tools and local support programs to facilitate enrollment and successful practice implementation.

Positive

• The expansion of the re:generations™ program is a significant step towards promoting sustainable agriculture practices and supporting producer customers. The company's commitment to scaling regenerative agriculture efforts and its goal of covering 4 million acres globally by 2025 demonstrates a strong focus on environmental impact and sustainability.

Negative

• None.

Growth initiative will drive expansion to cover 2 million acres across 18 states and Canada in 2023, and 4 million acres globally by 2025

Ongoing investment strengthens local support programs, events to give producers more ways to enroll

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM), a global leader in sustainable agriculture supply chains, is launching a significant expansion of its re:generations™ regenerative agriculture program, ensuring more North American producers can earn additional income while making a positive impact on the environment and their soil’s health. After successfully enrolling more than 1 million acres in 2022, ADM is continuing to invest to expand re:generations™ to cover 2 million acres in 2023, on its way to a goal of 4 million acres globally by 2025.

“With a value chain that stretches from more than 200,000 producers to downstream customers spanning food, feed, fuel, industrial and consumer products, ADM has an unparalleled ability to scale regenerative agriculture practices around the globe,” said Paul Scheetz, director of Climate Smart Ag Origination at ADM. “We’re proud of our groundbreaking work to support regenerative agriculture efforts, which was recognized with a grant from the U.S. Department of Agriculture through which we’ll direct more funding directly to producers. We know producers have always been stewards of the land, and that this is their lifeblood. We’re excited to continue to invest to expand our unique array of re:generations™ benefits to bring even more of them into the program. We are helping create new value for our producer customers, while they reduce greenhouse gas emissions, increase soil carbon sequestration, improve water quality, and promote biodiversity.”

The expansion will offer producers spanning 18 states and three Canadian provinces financial incentives and technical support for implementing practices including cover cropping, improved nutrient management and conservation tillage. ADM is incentivizing multiple practices and performance outcomes spanning crops including corn, soybeans, peanuts and wheat. Producers who enroll receive premium payments ranging up to $25 an acre per year, and in some instances also receive an additional per bushel premium for grain delivered to ADM.

ADM designed re:generations™ as a menu-based program for ease of use and adoption by producers, including short-term agreements along with customized and localized support.

ADM will continue to expand the availability of Farmers Business Network’s Gradable digital farm-management tool to simplify the re:generations™ enrollment process and provide a smooth but thorough data collection experience that allows ADM to pay producers quickly and easily following each program year.

In addition, technical assistance partners – including familiar independent organizations such as American Farmland Trust, Ducks Unlimited, Kansas Association of Conservation Districts and Practical Farmers of Iowa – will provide producer support on a state-by-state basis, including explaining program details and qualifications, and providing guidance and education for successful practice implementation.

“It’s producers on a local level that are making huge strides for the planet and our collective future – and they’re strengthening their own businesses at the same time,” said Scheetz.

This July and August, ADM program managers will begin conducting in-person informational meetings, educating producers on the company’s program and offerings, and allowing them an opportunity to start the enrollment process. Timing is ideal as producers consider their cover crop plan for the fall and planting decisions for the spring of 2024. Full information on how to enroll, as well as other details, can be found here.

“ADM’s purpose is to unlock the power of nature to enrich the quality of life, and we cannot achieve that purpose without a strong and unrelenting focus on protecting our planet, our communities and our people,” said Greg Morris, president of ADM’s Ag Services & Oilseeds business. “Beyond that, sustainability is a driving our strategic efforts to get closer to our producer customers and create value across our broad range of customers. Our work to rapidly scale up our regenerative agriculture efforts to 4 million acres by 2025 is one of the key ways in which we’re enabling our entire value chain to meet the demand for sustainably sourced products and helping to pave the way toward a more sustainable future.”

About re:generations™

ADM’s regenerative ag and Climate-Smart ag program, with 1,900 U.S. producers and more than 1 million acres enrolled in 2022, offers financial and technical support to producers who newly adopt or continue current regenerative ag practices. This will ultimately attach positive environmental impacts to food, feed and fuel ingredients created by ADM, and help tell stories of the good work producers are doing to reduce greenhouse gas emissions, improve water quality and soil health, and enhance biodiversity through proactive practices like the use of cover crops, nutrient management and reduced tillage. 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 and Nestle, technology providers like FBN and conservation organizations like the National Fish and Wildlife Foundation.

About ADM

ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.

Source: Corporate Release
Source: ADM

View source version on businesswire.com: https://www.businesswire.com/news/home/20230717622605/en/

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

What is ADM (NYSE: ADM) expanding?

ADM (NYSE: ADM) is expanding its re:generations™ regenerative agriculture program to cover 2 million acres across 18 states and Canada in 2023, and 4 million acres globally by 2025.

What incentives are offered to producers who enroll in the program?

Producers who enroll receive premium payments ranging up to $25 an acre per year, and in some instances also receive an additional per bushel premium for grain delivered to ADM.

How is ADM facilitating the enrollment process for producers?

ADM is expanding the availability of Farmers Business Network’s Gradable digital farm-management tool to simplify the re:generations™ enrollment process and provide a smooth but thorough data collection experience that allows ADM to pay producers quickly and easily following each program year.

What is the company's goal for expanding the re:generations™ program?

The company aims to cover 4 million acres globally by 2025 through its re:generations™ regenerative agriculture program.