Sustainability and regeneration ag are terms usually associated with soil. But the leaders of the World Agri-Tech Innovation Summit are empowered to build an overall rehabilitation system, from deploying capital and ensuring financial resilience of stakeholders to the next generation wanting to return to their family’s farm. Is put in.
The panelists discussing this topic are:
Robyn OBrien, co-founder of rePlant Capital Kevin ODonnell, Global Director Sourcing & Operations Sustainability General Mills Karsten Neuffer, Global Chief Commercial Officer of Indigo Ag Marion Meyer, Chief Strategy & Innovation Officer of BayWa Stefan Furnsinn, Yara Future of Agriculture
Robin O’Brien, co-founder of financial services firm rePlant Capital, which invests in scalable climate solutions, has inherited a non-functional system in the 21st century. We have knowledge that we didn’t have 10 years ago. We also know that the soil is capable in new and vibrant ways. This presents a great opportunity for the industry.
Opportunity and collaboration remain keywords among panelists.
Stefan Furnsinn commented on the impact of the demanding food system. After all, it reaches up to 500 million farmers who deliver food to all of us. If you’re not careful, you’ll see that constraints are added and how hard a farmer’s life is.
Furnsinn continues to have the opportunity to turn around the food system and reward farmers for meeting high demand in a sustainable way.
Karsten Neuffer, Global Chief Commercial Officer of Indigo Ag, is passionate about working with farmers around the world to grow good crops in an environmentally friendly way. Neuffer recognizes that companies like Indigo Ag need to intervene to meet consumer and climate demands.
There are opportunities to help farmers achieve all these goals at the same time, but they are often considered inconsistent with each other, Neuffer says. The future of agriculture is to grow large quantities of environmentally friendly, high quality crops.
Indigo Ag is developing new business models like Indigo Carbon, which was launched over a year ago. Indigo Carbon focuses on additional carbon opportunities, and I believe that by actually trapping carbon in the soil, farmers can play an important role in actively recovering some of the climate change. Believe in us.
Indigo carbon helps farmers identify changes in practices needed to return carbon to the soil. The company works with celebrities to register, validate and sell carbon credits to interested buyers. In this way, farmers can benefit from incorporating additional sources of income into their farming operations, Neuffer says. Of course, this is a very complex task and requires extensive collaboration to make it all happen.
Challenges remaining in the carbon market include scalability, a scientifically validated definition of soil isolation carbon credits, and acceptance in the voluntary and compliance markets.
Utilization of technology
According to panelists, the future of agriculture also means leaving a top-down, all-purpose approach to agriculture that many are financially jeopardizing.
Marion Meyer, Chief Strategy & Innovation Officer at BayWa, said: There is more than one answer to the complex question of how agriculture can have a positive impact on climate change.
Meyer explains that the various strategies available are due to technological advances.
Meyer now knows more about soil because he can use satellite images, drones, and sensors to extract data from it. These efforts need to be strengthened, but we are looking for a combination of technology and crop management practices.
One of the opportunities to use technology is to fine-tune and personalize management practices. Considering soil as a database takes into account soil types, rainfall, crop varieties, nutrient needs, and more.
Furnsinn says that a lot of data needs to be examined to analyze a number of factors that affect farmers’ profitability, yields and other factors in order to provide relevant insights. Our ability to process this information is important because the equations are becoming more demanding, which technology can provide.
Kevin O Donnell, Global Director of Sustainability for General Mills Sourcing & Operations, states that the main character in the story is a farmer. After all, it depends on the farmer embracing new approaches and solutions.
Last year, General Mills pledged to promote regenerative agriculture on one million acres of farmland by 2030. ODonnell states that it is just the tip of the company’s iceberg.
Improving soil health is the cornerstone of regenerative agriculture. ODonnell defines this as a comprehensive, principle-based approach to agriculture and ranch aimed at deliberately strengthening and strengthening the resilience of ecosystems and communities.
Regenerative agriculture should have more measurable results that will change farmers and society than checking the boxes on the checklist.
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