Poultry producer BRF to pay 2% premium for regenerative soy

BRF SA

06/08/2024 09:01

SAO PAULO, Aug 6 (Reuters) - Brazilian pork and chicken
processor BRF  BRFS3.SA  will pay a 2% premium from market
prices for soybeans produced through regenerative agricultural
practices, the consortium leading the project said on Tuesday.
    Regenerative agriculture aims to promote health and increase
soil productivity through techniques such as crop rotation and
organic fertilization.
    The initiative is being organized by the Reg.IA consortium,
which BRF is part of together with Germany's Bayer AG  BAYGn.DE 
and other Brazilian companies, as well as a local research
group.
    Produzindo Certo, a firm that sets up sustainable
agriculture supply chains and is part of the consortium, expects
the project to include 30 soy farms within a year, producing
over 200,000 metric tons of verified regenerative soy, said the
company's Chief Executive Aline Locks.
        Meatpackers such as BRF use soymeal to feed their
animals.
    Under the project, Bayer will be responsible for providing
tools to measure the gains farmers get through regenerative
agriculture practices, the consortium said.

 (Reporting by Roberto Samora; Writing by Andre Romani; Editing
by Christopher Cushing)
 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))