CAMDEN, N.J.--(BUSINESS WIRE)--Oct. 28, 2024--
Campbell Soup Company (NASDAQ:CPB) (Campbell’s) today announced that it was awarded $3.4 million in funding through the U.S. Department of Agriculture (USDA)’s Regional Conservation Partnership Program (RCPP) to support California processing tomatoes.
Under the project, Campbell’s will partner with the Natural Resources Conservation Service (NRCS), American Farmland Trust and several Resource Conservation Districts to increase the adoption of sustainable agriculture systems and practices by tomato growers in California. The project’s goal is to reduce agricultural greenhouse gas emissions, while building soil health, supporting water stewardship, and strengthening the profitability and resilience of tomato farms.
“Campbell’s and California tomato growers have a long history of partnering on sustainability,” said Stewart Lindsay, Campbell’s Chief Sustainability Officer. “As farmers face increasing challenges from climate change, it is important that we support further adoption of climate-smart agriculture practices that improve soil health and enhance resilience. We are grateful for the USDA’s support and look forward to working with our partners and growers on this important project.”
The project partners have deep experience collaborating with California tomato growers to advance conservation agriculture. They will work with NRCS to provide new funding and technical assistance to growers, reducing the costs and other barriers to adopting new soil health, nutrient management and irrigation management practices.
“This funding allows us to provide financial resources and technical support for farmers to adopt these practices quickly and conserve our precious natural resources, increase their climate resilience, and support their farms’ business viability,” said Tom Stein, California Regional Director at American Farmland Trust. “We salute the involvement of food companies that understand the importance of keeping these food ingredients sustainable and available for the future.”
Campbell’s has long encouraged the use of sustainable agriculture practices, particularly among tomato growers with whom the company has maintained close and lasting relationships over many decades. Over the years, the company has supported growers to employ practices that have helped to reduce fertilizer, water use and emissions. More recently, Campbell’s launched efforts to encourage the adoption of regenerative agriculture practices, including establishing a grant fund to help address constraints to piloting and scaling up soil health practices.
The full list of this year’s RCPP awards, including Campbell’s tomato project, can be found on the NRCS website.
About Campbell’s
For more than 150 years, Campbell’s (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2024 net sales of $9.6 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Michael Angelo’s, noosa, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snyder’s of Hanover, Swanson and V8. The company is a member of the Standard & Poor’s 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com.
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Campbell’s Contacts
Investors:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
Media:
James Regan
(856) 219-6409
James_Regan@campbells.com
Source: Campbell Soup Company
