LONDON, UK and ARDEN HILLS, Minn., Sept. 12, 2019 /PRNewswire/ -- Tate & Lyle
PLC (Tate & Lyle), a leading global provider of food, beverage
and industrial ingredients and solutions, and Land O'Lakes
SUSTAIN, the sustainable solutions business of one of America's
largest farmer-owned cooperatives, today announced a major new
initiative to help bolster sustainability on 1.5 million acres of
U.S.-grown corn. Using best-in-class technology and sustainability
solutions from Land O'Lakes SUSTAIN, U.S. Midwest corn farmers will
be helped to more effectively target and measure the impact of
efforts to protect the environment.
Tate & Lyle is the first corn wet-milling ingredient
supplier to launch a sustainable agriculture program of this kind,
with an acreage scope representing the corn it buys globally each
year. The company aims to enable more sustainable farming
practices, support its customers' environmental initiatives and
impact reporting, and ultimately increase transparency throughout
the food and beverage industry. Through this commitment, Tate &
Lyle is able to connect members of the value chain and key
stakeholders to drive positive change.
"Corn is our main raw material and we are proud to have the
opportunity to make a positive impact on the lives of U.S. farmers
by supporting sustainable agriculture for the equivalent of the
entire 1.5 million acres of corn we buy globally each year," said
Nick Hampton, Tate & Lyle CEO.
"Through this unique program, we are demonstrating our purpose of
Improving Lives for Generations, helping to protect farmer
livelihoods and supporting their work to protect natural resources
by encouraging sustainable agriculture best practices."
"As a farmer-owned cooperative, Land O'Lakes knows stewardship
starts at the farm gate, with the farmer, and we are excited to
launch this landmark effort alongside Tate & Lyle leveraging ag
tech to support on-farm sustainability," said Beth Ford, President and CEO of Land O'Lakes,
Inc. "The Truterra Insights Engine is changing the game for
sustainability led by farmers and their ag retailers. It's
equipping them with new solutions, customized to every acre to help
protect the air, soil and water, maintain a focus on the health of
their business, and benchmark their progress in a way that's
meaningful from farmer to fork."
Under the program, participating corn farmers in the Midwest
will receive customized support through their local agricultural
retailer, to help drive measurable improvements in greenhouse gas
emission reduction, nitrogen efficiency, water and wind erosion,
and soil quality. The Truterra™ Insights Engine, launched last fall
by Land O'Lakes SUSTAIN, will support corn farmers in the new
program to make data-informed decisions about their farms, with
acre-by-acre insights to drive environmental improvements and help
optimize their businesses.
As part of the program, Tate & Lyle will leverage the
technology to access information on the enrolled acreage and have
greater visibility of improvements it is helping to drive in air
and water quality and soil health, providing a more transparent
value chain for its customers.
The new effort announced today builds on a pilot project
launched in November 2018 by the two
companies, which reached over 300,000 acres of U.S.-grown corn,
benchmarking stewardship efforts on farms in Illinois and Indiana.
For more information on the Truterra™ Insights Engine, visit:
www.truterrainsights.com. For more information on the pilot project
announced last year, see this media release.
About Tate & Lyle:
Tate & Lyle is a global provider of solutions and ingredients
for food, beverage and industrial markets.
Tate & Lyle operates through two global divisions, Food
& Beverage Solutions and Primary Products, supported by the
Innovation and Commercial Development and Global Operations teams.
Food & Beverage Solutions is focused on growth by building
leading positions globally in the categories of beverages, dairy,
and soups, sauces and dressings. Primary Products is focused on
delivering steady earnings and generating cash.
Food & Beverage Solutions consists of: Texturants, including
speciality starches; Sweeteners, including low- and no-calorie
sweeteners; and a Health and Wellness portfolio comprising mainly
speciality fibres; and Stabilisers and Functional Systems, which
are bespoke ingredient blends that ensure foods retain their
structure.
Primary Products consists of high-volume sweeteners, industrial
starches and fermentation products (primarily acidulants). It
also sells co-products from the corn milling process as animal
nutrition.
Tate & Lyle is listed on the London Stock Exchange under the
symbol TATE.L. American Depositary Receipts trade under TATYY. In
the year to 31 March 2019, Tate &
Lyle sales totalled £2.8 billion. For more information, please
visit www.tateandlyle.com.
About Land O'Lakes SUSTAIN:
Land O'Lakes SUSTAIN is a leading stewardship solutions
provider, advancing and connecting stewardship efforts throughout
the food system with scale – from farmers to ag retailers to
partners like food companies. Land O'Lakes SUSTAIN positions
farmers for success by providing them tools and resources to track
progress on every acre they farm. Land O'Lakes SUSTAIN's network
brings together the best in agricultural technology and on-farm
business management to drive sustainability across the food system,
feeding people, safeguarding the planet and supporting farmer
livelihoods. Land O'Lakes SUSTAIN was launched in 2016 by Land
O'Lakes, Inc., a member-owned cooperative that spans the spectrum
from agricultural production to consumer foods. With 2018 annual
sales of $15 billion, Land O'Lakes is
one of the nation's largest cooperatives, ranking 212 on the
Fortune 500. Land O'Lakes, Inc. corporate headquarters are located
in Arden Hills, Minn. For more
information on Land O'Lakes SUSTAIN, visit
www.landolakessustain.com.
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SOURCE Land O'Lakes, Inc.; Tate & Lyle PLC