STONEWALL, MB, May 14, 2024
/CNW/ - Ducks Unlimited Canada (DUC) has joined forces with PepsiCo
to offer additional financial incentives for producers who
participate in Farm Credit Canada's (FCC) Sustainability Incentive
Program and grow oats or canola within their crop rotation.
Beginning May 2024, PepsiCo will
provide financial support to eligible producers based in
Alberta, Saskatchewan, and Manitoba who commit to planting perennial
forage on unproductive cropland to improve biodiversity and drive
positive change. Support will equal 50 per cent of the total
payment producers receive on behalf of FCC's program, up to a
$1,000 maximum per application.
At its core, PepsiCo is an agriculture company. PepsiCo believes
that regenerative agricultural practices will be pivotal in meeting
the increasing demand for food as the global population grows,
while also addressing the need to protect and enhance our natural
resources. By collaborating with DUC, PepsiCo will extend its
engagement with farming communities in Canada, helping to create a more resilient,
sustainable agricultural system.
"The uptake from our producer partners who have already taken
advantage of our partnership with FCC has been incredible," says
Paul Thoroughgood, national manager
of sustainability at DUC. "Now with PepsiCo at the table, we can
support even more farmers across the Prairies, recognizing them for
the positive impacts they have on the landscape by providing even
more incentives."
Ducks Unlimited Canada's Marginal Areas Program offers a
solution for Canadian farmland that lacks productivity due to poor
drainage, soil conditions, periodic flooding, inaccessibility, or
salinity. Historically, DUC has offered participating producers a
10-year agreement as a way to assist with the cost of establishing
perennials while alleviating the financial burden associated with
land management challenges. Additionally, FCC participants who also
partake in DUC's Marginal Areas Program will be eligible to receive
an incentive payment based on a percentage of their total
borrowings, up to a maximum payment of $2,000 or $50/acre
of enrolled acres.
"Our Sustainability Incentive Program encourages
sustainable farming practices while supporting nature-positive
outcomes," says Curtis Grainger, FCC
director of sustainability programs. "Now, with support from
PepsiCo, we can further reward producers who take steps to add to
the long-term health of Canada's agriculture and food industry."
Driving environmental enhancements across unproductive farmland
continues to positively impact biodiversity across the Canadian
landscape while also supporting producers' profitability –
contributing to stronger, more viable rural
communities.
To learn more about DUC's innovative environmental solutions and
services, including these new incentives from PepsiCo, please visit
ag.ducks.ca.
About DUC
DUC is the leader in wetland conservation. A registered charity,
DUC uses sound science and partners with government, industry,
non-profit organizations, Indigenous Peoples and landowners to
conserve wetlands that are critical to waterfowl, wildlife and
the environment. For more information, visit ducks.ca.
About FCC
FCC is Canada's leading
agriculture and food lender, dedicated to the industry that feeds
the world. FCC employees are committed to the long-standing success
of those who produce and process Canadian food by providing
flexible financing, AgExpert business management software,
information and knowledge. FCC provides a complement of expertise
and services designed to support the complex and evolving needs of
food businesses. As a financial Crown corporation, FCC is a stable
partner that reinvests profits back into the industry and
communities it serves. For more information, visit
fcc.ca.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion
times a day in more than 200 countries and territories around the
world. PepsiCo generated more than $91 billion in net revenue in
2023, driven by a complementary beverage and convenient foods
portfolio that includes Lay's, Doritos, Cheetos, Gatorade,
Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including many iconic brands that generate more than $1
billion each in estimated annual retail sales. For more
information, visit pepsico.ca.
SOURCE Ducks Unlimited Canada