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Hormel Foods Announces New Regenerative Agriculture Initiatives; Mark Coffey and Gina Asoudegan Comment

Hormel Foods Announces New Regenerative Agriculture Initiatives; Mark Coffey and Gina Asoudegan Comment


AUSTIN, MN
Thursday, June 30th, 2022

On its Environmental, Social, and Governance (ESG) journey, Hormel Foods continues to advance its strategies. Hoping to support farmers who employ regenerative ag practices, the provider became a sponsor of an up to 50,000-acre regenerative agriculture pilot project to be located throughout Central and Southeast Minnesota. Assistance from Hormel Foods will help provide financial incentives for farmers to participate in the project and adopt regenerative agriculture practices.

Mark Coffey, Group Vice President of Supply Chain, Hormel Foods"As we face the daunting challenges of feeding a growing global population while protecting the planet, we believe advancing regenerative agriculture practices is a smart and responsible choice," said Mark Coffey, Group Vice President of Supply Chain at Hormel Foods.

Furthering regenerative agriculture is part of the Hormel Foods 20 By 30 Challenge, as a press release outlined. This is a set of 20 (ESG) goals the company intends to reach by 2030. In line with the UN Sustainable Development Goals, the challenge is advancing the company's long-standing ESG leadership.

Hoping to support farmers who employ regenerative ag practices, the provider became a sponsor of an up to 50,000-acre regenerative agriculture pilot project to be located throughout Central and Southeast Minnesota

In these efforts, Applegate is lending its expertise to parent company Hormel Foods.

Gina Asoudegan, Vice President of Mission and Innovation Strategy, Applegate"Regenerative agriculture requires an essential mental shift from the way we currently think about farming—it's not the cow, it's the how," said Gina Asoudegan, who leads the mission and regenerative agriculture initiatives at Applegate.

As it walks this path, Hormel continues to make strategic investments. Most recently, the company invested in large-scale renewable-energy projects, including the Western Trails wind project located in Northern Texas, the Caddo wind site in Southern Oklahoma, and the Haystack wind project in Eastern Nebraska. These projects have allowed Hormel Foods to advance its regenerative agriculture initiatives and will help the company reach its goal to match 100 percent of its domestic energy use with renewable sourcing by the end of 2022.

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