Poultry producer BRF to pay 2% premium for regenerative soy
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
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