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HomePosts Tagged "agriculture industry"
Climate, Nature, Supply Chain, Sustainability, World

The company delivers more than 10 Million bushels of sustainably grown grain, helping companies meet climate commitments

Indigo Ag, the premier sustainability partner of the agriculture industry, is using its proprietary measurement, reporting and verification (MRV) capabilities to help consumer goods companies measure and reduce their Scope 3 emissions and water use through the agricultural supply chain.  

Through its Market+ Source (Scope 3) program, Indigo connects consumer goods companies to sustainably grown crops within their existing supply chain. Indigo partners with agribusinesses to support farmers in adopting sustainable practices, the results of which are quantified through Indigo’s MRV capabilities. The company has had success working with multibillion-dollar companies over the last few seasons to deliver more than 10 million bushels of sustainably grown grains, reducing emissions by more than 15,000 metric tons and saving 6.7 billion gallons of water – enough to sustain 36 million people for a year.  An additional 13 million bushels have been contracted to be delivered in 2024. Indigo has secured farmer premiums of up to 10 per cent for sustainably grown crops with minimal impact on the price of finished goods.  

For The North Face and other VF Corporation brands, Indigo used its MRV capabilities to deliver more than 31,000 bales of sustainably grown cotton.  

“We are excited about the positive environmental impacts regenerative cotton production can have not only for The North Face products but for our industry as a whole,” said Carol Shu, senior manager of global sustainability for The North Face. “Regenerative agriculture-sourced materials have the ability to shift the industry from simply ‘doing less harm’ to actually replenishing or having a positive impact on nature and resources. As a brand that is committed to protecting the outdoor places we love to play in, we believe this is another critical step in addressing climate change impacts in our supply chain.”  

“The scientific rigour of our models and operational processes have allowed us to connect sustainability claims to the physical delivery of grain and cotton, and we are seeing incredible success,” said Ron Hovsepian, president and CEO of Indigo Ag. “This is just the beginning. With the Science Based Targets initiative (SBTi) guidance on Forest, Land and Agriculture finalised last year and the Greenhouse Gas Protocol’s guidance on the land sector and removals expected to be finalised this fall, we are well positioned to help corporations achieve their Scope 3 targets. We look forward to expanding our capabilities to include more crops and more practices to better serve more corporations.”  

Indigo’s proprietary MRV capabilities use the highest scientific standards to quantify environmental benefits for companies participating in the Market+ Source program. The program currently includes corn, wheat, rice, and cotton, and will be expanding to new crops in 2024. 

The company delivers more than 10 Million

Agro chems – Fertilizers

Michigan Potash stands ready to support American farmers by replacing one-to-one all the potash imported from Russia with domestic production from Michigan

Michigan Potash & Salt Company, LLC (MPSC) Founder and CEO Ted Pagano has recently issued a statement on the US Department of Agriculture (USDA) announcement of a plan to support innovative American-made fertiliser production to address our nation’s near-total dependence on foreign imports.

Ted stated, “In the face of a global food and fertiliser crisis, I applaud the USDA and Secretary of Agriculture Vilsack’s leadership in confronting our nation’s dependency on foreign fertiliser imports. Our farmers feed the world, yet they are wholly dependent on foreign sources of critical potash nutrients while domestic supplies are available right here at home. Michigan Potash stands ready to support American farmers by replacing one-to-one all the potash imported from Russia with domestic production from Michigan.”

The company is committed to developing the US Potash Project in a safe and responsible manner that protects Michigan’s critical natural environment and waters while supporting communities across Osceola and Mecosta counties, Michigan. 

Michigan Potash stands ready to support American

Agrotech

The facility will have demonstration units for mushroom production, food processing & value-addition and poultry production

Dr Trilochan Mohapatra, Secretary (DARE) & Director General (ICAR) inaugurated the Technology Demonstration Facility at Krishi Vigyan Kendra, Khordha, Odisha on March 10, 2022. Ajaya Kumar Dash, Head, KVK, Khordha briefed about the new facility. The facility will have demonstration units for mushroom production, food processing & value-addition and poultry production. It will also be used for imparting the skill training to the farmers and farm women.

The DG was accompanied by Dr Joykrushna Jena, Deputy Director General (Fisheries Science); Dr BP Mohanty, ADG (Inland Fisheries), ICAR along with Dr SK Swain, Director, ICAR-CIFA, Bhubaneswar and other Senior Officials of ICAR-CIFA and KVK, Khordha.

While interacting with the farmers and farm women in the Exhibition organised at the KVK, Khordha, Dr Mohapatra urged the KVK for facilitating the Self-Help Groups to improve their marketing skills and organise them to form as collectives like Farmers’ Producers’ Organisations to scale-up their operations. Underlining the Government of India’s target of creating 10,000 FPOs by 2025, the Director General emphasised that the KVKs would play a key role in mobilising the farmers and providing technical support.

During his interaction with the Scientists and Staff Members of ICAR-CIFA, he urged for focusing on the outreach & effective communication of the scientific research to the stakeholders and reorienting the research priorities for bringing out innovations that can enhance the farmers’ income.

The facility will have demonstration units for

Inputs

The T6.180 Methane Power tractor marks a first in the industry

New Holland Agriculture, US has announced the launch of the world’s first production T6 Methane Power tractor on February 8, 2022. The T6.180 Methane Power tractor marks a first in the industry, designed to minimise emissions while maximising the profitability and productivity with unimpeded performance.

The launch is a culmination of a multiyear development project to create and bring to market a tractor line-up that furthers the use of more sustainable fuel sources in US agriculture. From livestock farms to municipalities with roadside mowing crews, T6 Series tractors are the definition of flexibility and versatility.

“The T6.180 Methane Power is the result of New Holland’s pioneering work on the use of alternative fuels through our Clean Energy Leader strategy. It is a significant step forward on the path to decarbonizing agriculture, and it is happening now, as the development of this sustainable tractor has reached its production phase. It is commercially available to our customers beginning this 2022 season,” commented Michael Cornman, Livestock and Dairy Segment Manager for New Holland Agriculture North America.

The T6 Methane Power features an all-new NEF 6.7 liter engine specifically developed for agricultural applications by FPT Industrial and benefits from the company’s 20+ years of experience in natural gas powertrain technology development. To date, FPT Industrial has produced more than 50,000 natural gas engines.

The T6.180 Methane Power tractor marks a

Company News, Environment

This expansion increases the Initiative’s footprint to a total of 28 states and 19 crop types

Corteva Agriscience announced recently an expansion of the Corteva Carbon Initiative to 17 new states and 2 new qualifying crop types. This expansion increases the Initiative’s footprint to a total of 28 states and 19 crop types, bringing opportunity to even more US farmers to participate in the fast-developing carbon market.

Newly approved states include: Alabama, Arkansas, Colorado, Georgia, Kentucky, Louisiana, Michigan, Mississippi, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Vermont and Virginia.

The Initiative has also expanded its list of eligible crops to include peanuts and sugar beets, two key crops for farmer eligibility in multiple states.

“Farmers need proven solutions to support decision making and improve their bottom line,” shared Casey Onstot, US Commercial Leader for Digital at Corteva. “We continue to expand and improve our carbon offerings with science-backed programs that provide the greatest positive impact for farmers and their advisors.”

The Corteva Carbon Initiative first launched as a pilot program in April 2021 to corn and soybean farmers in Illinois, Indiana and Iowa, then announced its first major expansion in August 2021 through a joint effort with Indigo Ag, whose ongoing investments in science and technology have continued to expand eligibility and improve the process of generating rigorous, registry-issued carbon credits at scale for farmers.

The Initiative’s core focus remains to help farmers produce high quality carbon credits simply and for a fair price, with programmatic and agronomic support from a Corteva Agriscience advisor.

This expansion increases the Initiative's footprint to

Finance

The company has reported total income of Rs 100.34 crores during the period ended December 31, 2021

Hyderabad-based Bhagiradha Chemicals & Industries has recently posted net profit of Rs 8.91 crores for the period ended December 31, 2021 as against net profit of Rs 8.34 crores for the period ended September 30, 2021.

For the third quarter, the company reported sales was Rs 1,001.07 million compared to Rs 692.52 million a year ago. Revenue was Rs 1,003.47 million compared to Rs 694.07 million a year ago. Net income was Rs 89.2 million compared to Rs 70.92 million a year ago.

For the 9 months ended December 31, 2021, Bhagiradha Chemicals has reported total income of Rs 298.45 crores as compared to Rs 220.97 crores.

Furthermore, the company has posted net profit of Rs 24.86 crores for the 9 months period as against net profit of Rs 16.00 crores.

The company has reported total income of