Campbell Soup Co. CPB

NYS: CPB | ISIN: US1344291091   26/12/2024
41,72 USD (+0,19%)
(+0,19%)   26/12/2024

McCain Foods USA and Partners Awarded $6.9 Million in Federal Funds for Sustainable Potato-Growing Projects in Wisconsin and Maine

McCain Foods, Campbell, and the Soil Health Institute will use the funds to implement climate-smart practices on more than 6,000 acres of farmland.

OAKBROOK TERRACE, Ill., Nov. 7, 2023 /PRNewswire/ -- McCain Foods USA was awarded $6.9 million in funding through the U.S. Department of Agriculture (USDA)'s Regional Conservation Partnership Program (RCPP), which will be used as part of an "Improving Soil Health in Potato Supply Chains" project.

Under that project, McCain Foods USA and its partners, Campbell Soup Company and the Soil Health Institute (SHI), will help potato farmers implement soil health and climate-smart agriculture practices and systems on more than 6,000 acres in Wisconsin and Maine. McCain and Campbell both have corporate programs to help growers in their supply chains adopt regenerative agriculture practices and help fight climate change.

"As potato growers face increasing challenges from climate change and variable weather, shifting towards smart and sustainable farming practices is vital," said Dan Metheringham, McCain Foods' Vice President of Agriculture North America. "We are profoundly grateful that USDA has invested nearly $7 million in our soil health project, which will advance our work with McCain growers and customers to re-imagine the way potatoes are grown. The funding award is an important step toward meeting McCain's bold commitment to implement regenerative agricultural practices across 100 percent of our potato acreage worldwide by the end of 2030."

The project will use the USDA funding to scale up an existing soil health technical assistance partnership, supporting sustainable farming that prioritizes soil health through residue and tillage management, cover cropping, nutrient management, soil carbon amendment, and pest management. Growers participating in the program will form peer coaching cohorts to build their conservation plans with support from SHI. McCain has successfully piloted this model with SHI and growers in other regions.

"Potatoes are a key ingredient in many of our products including soup and chips, so it is important for us to support our partner growers in adopting and increasing sustainable agricultural practices," said Stewart Lindsay, Campbell's Vice President of Corporate Responsibility and Sustainability. "We are grateful for the USDA's support and look forward to partnering to advance soil health and climate-smart agriculture practices in our supply chain."

In 2021, McCain Foods established its Regenerative Agriculture Framework, designed to support farmers in their progression to a more regenerative farming model for potatoes. The framework was developed in consultation with farmer representatives, university academics, scientific organizations, customers, and non-profit organizations. McCain's RCPP project is the latest in a series of initiatives McCain has undergone to implement its regenerative agriculture framework since it was established.

This partnership will also contribute to Campbell's ongoing potato sustainability program, including other initiatives launched this year to support its growers to adopt and measure the impact of regenerative agriculture practices.

The full list of this year's RCPP awards, including McCain's Improving Soil Health in Potato Supply Chains project, can be found on the NRCS website.

About McCain Foods USA
McCain Foods USA is a leading supplier of frozen potato and snack food products for the foodservice markets, retail grocery chains and private label brands in restaurants and supermarket freezers across the country. McCain Foods USA Inc., headquartered in Oakbrook Terrace, Illinois, employs 4,000 people and operates production facilities in Idaho, Maine, Nebraska, Washington and Wisconsin. For more information, visit https://www.mccainusafoodservice.com/.

About McCain Foods 
McCain Foods is the world's largest manufacturer of frozen potato products and supplies french fries, potato specialties, appetizers and desserts to retail and foodservice customers around the globe. McCain is the international leader in the frozen food industry, employing over 21,000 people and operating 52 production facilities on six continents.

About Campbell
For more than 150 years, Campbell (NYSE:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder's of Hanover, Swanson and V8. The company has a heritage of giving back and acting as a good steward of the environment and is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com.

Contact:
Amy Griffith
amy.griffith@mccain.com 

James Regan
james_regan@campbells.com  

Cision View original content:https://www.prnewswire.com/news-releases/mccain-foods-usa-and-partners-awarded-6-9-million-in-federal-funds-for-sustainable-potato-growing-projects-in-wisconsin-and-maine-301980152.html

SOURCE McCain Foods USA

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