In this file:
· Cargill CEO: How Sustainable Agriculture Can Prevent a Global Food Crisis
· Cargill Expands Carbon Market Program to 15 States
Cargill CEO: How Sustainable Agriculture Can Prevent a Global Food Crisis
David W. MacLennan, CEO of Cargill, discusses the impact of supply chain disruptions on the global food supply and the importance of sustainable agriculture.
Source: U.S. Chamber of Commerce
Air Date: May 10, 2022
Moderator: Nisha Biswal, Senior Vice President, International Strategy and Global Initiatives and South Asia
Featured Guests: David W. MacLennan, CEO, Cargill
In recent years, global complications such as the COVID-19 pandemic, climate change, and geopolitical conflicts have prompted major supply chain disruptions around the world. As concerns about a possible global food crisis rise, leaders in the food and agriculture sectors must engineer new ways to feed a rapidly growing population.
David. W. MacLennan, CEO of Cargill, joined the U.S. Chamber of Commerce for its 2nd Annual Global Forum to discuss the impact of supply chain disruptions on the global food supply and how sustainable agricultural practices can help alleviate world hunger.
Supply Chain Disruptions Are Contributing to a Global Food Crisis
MacLennan, who heads the world’s largest agricultural company, pointed to supply chain disruptions as one of the most significant threats to the global food system.
“Hunger is very real,” MacLennan said. “It always has been, but we're at a point in time where there's a lot of things that are playing into this unlike ever before.”
MacLennan added that in addition to the impact the pandemic and geopolitical conflicts have had on trade, burgeoning inflation and droughts caused by climate change have also led to “very tight supply and demand conditions.”
“The areas of the world that are most vulnerable, where the people have suffered the most — their vulnerability will only be exacerbated by what we're seeing,” MacLennan added.
Farmers Have a Key Role to Play in Developing Sustainable Agriculture
When asked how agricultural leaders like Cargill are tackling the challenges facing the global food system, MacLennan emphasized the role farmers will play in helping to develop a sustainable approach to food production.
“We depend on our farmers,” he said. “That's where it all begins. If the farming community around the world isn't healthy and sustainable, then the rest of the world can't be fed.”
MacLennan noted that when it comes to finding ways to reduce resource usage while increasing the global food supply, the farming community is on the frontlines.
“We have made tremendous strides in terms of working with our farmers, and they're at the forefront,” MacLennan added.
“They are the ones that are custodians of this world's resources: the soil, the air, [and] the water,” he said. “We are focusing on regenerative [agriculture] and have signed up thousands of farmers through partnerships to teach them regenerative agricultural practices.”
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Cargill Expands Carbon Market Program to 15 States
May 11, 2022
Enrollment opens this month for Cargill RegenConnect, a voluntary market-based regenerative agriculture program offering producers a way to access the carbon marketplace.
For the 2022-23 crop season Cargill has expanded grower eligibility to 15 states including: Illinois, Indiana, Ohio, Missouri, Tennessee, Arkansas, Minnesota, Michigan, Wisconsin, Nebraska, Kansas, Iowa, Kentucky, North Dakota, and South Dakota.
Cargill will once again offer one-crop-year contracts to producer customers in eligible states to sequester carbon through implementation of new or expanded regenerative agriculture practices such as cover crops, no-till or reduced-till. Eligible acres must have a primary crop of corn, soy or wheat. Farmers can choose the practices that are best suited to their operation’s unique growing conditions. For the 2022-23 enrollment, Cargill will offer $25 per metric ton of carbon sequestered per acre.
Carbon sequestration achieved through RegenConnect will contribute to Cargill’s scope 3 climate commitment and may also help the company’s downstream customers achieve their voluntary carbon reduction goals. Cargill aims to have 10 million acres enrolled in sustainable and regenerative farming programs by 2030...