Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
Pilot program integrates collaborations across industry partners to offset farmer investments in soil conservation practices
"As a leading farm lender, we listen to the priorities and concerns of farmers we serve. Soil conservation practices continue to evolve and opportunities abound for farmers to learn about and improve soil health. RegenLend is a program designed to use supply chain incentives to help bridge the financial investment in soil health technology, such as new strip tillage systems, that can be a burden to farmers' bottom line," said
Strip-till can be an initial steppingstone for farmers exploring soil conservation practices to improve soil health on their farms. Strip tillage can improve soil health and contribute to long-term yield and water retention enhancements. The practice also can deliver fuel and labor cost savings on the farm through reduced trips across the field, improved efficiency in preparing the seedbed for planting and more precise fertilizer placement.
However, strip-till also comes with an upfront investment in equipment that can present a barrier to many farmers. The new RegenLend program addresses this barrier by leveraging a unique collaboration between the farmer, an ag lender and the food value chain.
"We are constantly looking for ways to collaborate with companies across the value chain to support farmers' efforts in producing a sustainable food supply. The RegenLend program is one example of how we are collaborating on unique programs that help farmers navigate rising costs and weather challenges so together we can build a more resilient food system," said
"Every farmer's conservation journey is different, and they need a variety of solutions to succeed," said
Using its expertise in innovative market-based sustainability solutions, EDF collaborated with Compeer Financial, SWOF and
In its initial pilot year, the RegenLend program is available to farmers interested in leasing strip-till equipment to implement soil conservation practices on at least 600 acres. More information is available at compeer.com/RegenLend.
Media Contact:
Rachel.Kent@pepsico.com
About Compeer Financial
Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural communities. The
Compeer Financial is the third largest cooperative of the
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About Environmental Defense Fund
With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org
Compeer Financial is an equal opportunity employer and provider, and an equal credit opportunity lender. This is not a commitment to lend, lease or extend credit. There is no guarantee that all applicants will qualify. Other restrictions, program and underwriting criteria apply. Terms, conditions and programs are subject to change without notice.
Contact:
Jill Carlson, Public Relations Strategist
jill.carlson@compeer.com or (309) 502-2805
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SOURCE PepsiCo, Inc.