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WKN: 850875 | ISIN: US4404521001 | Ticker-Symbol: HO7
Tradegate
24.05.24
20:07 Uhr
32,360 Euro
-0,010
-0,03 %
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HORMEL FOODS CORPORATION Chart 1 Jahr
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HORMEL FOODS CORPORATION 5-Tage-Chart
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31,98032,76024.05.
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ACCESSWIRE
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Hormel Foods Corporation: Applegate Farms LLC Announces $50,000 Support American Farmland Trust's Brighter Future Fund

Donation To Fund $5,000 Grants for Up To Ten Diverse Livestock Farmers Pursuing Sustainable Agriculture Practices

BEDMINSTER, NJ / ACCESSWIRE / April 23, 2024 / In its commitment to supporting the next generation of farmers, APPLEGATE®, the nation's leading natural and organic meat brand, has announced a new partnership with American Farmland Trust (AFT) in a $50,000 donation to the AFT's Brighter Future Fund, a program that helps farmers and ranchers nationwide improve their viability, access, transfer, or permanently protect farmland, and adopt regenerative agricultural* practices. Applegate's donation will fund grants, valued up to $5,000, for livestock farmers or ranchers who are working to who are becoming more resilient and viable.

"Young farmers and ranchers have a vision for a strong, sustainable and competitive food system. But making it a reality is anything but easy," said Joseph O'Connor, President of Applegate. "American Farmland Trust has a proven track record of advocacy and support to an incredible network of farmers. With our commitment to The Brighter Future Fund, Applegate aims to help new farmers build a more sustainable and secure foothold in the industry that allows them to fulfill their dreams and, in turn, helps us to make good on our mission: Changing The Meat We Eat®."

The Brighter Future Fund was launched in 2020 to help historically underserved farmers and ranchers build, grow, and sustain their operations despite forces impacting the food and agricultural system, including the COVID-19 pandemic, changing markets, severe weather, and climate change. In past years, BFF grants have helped livestock farmers to access land to expand their farms and ranches, purchase supplies to implement regenerative practices like compost spreaders and no-till drill planters, and improve their profitability with more efficient equipment for harvesting, storing and selling their crops and livestock like greenhouses, hoop houses and cooler vans. Applications for Brighter Future Fund grants open in early July and grantees will be announced in October.

The impacts of Brighter Future Fund grants ripple beyond individual awardees. Grants help drive new solutions for resolving key challenges facing our society, by:

  • Scaling up the adoption of regenerative practices and increasing the resilience of farms and ranches to climate change;
  • Strengthening local food systems to be more resilient to disruptions caused by global events as well as providing equitable access to healthy food;
  • Creating greater equity in opportunities for historically underserved farmers and ranchers;
  • Ensuring the availability of sufficient clean water and habitat for threatened wildlife;
  • Improving long-term farm viability and community vitality.

"Oftentimes straightforward projects, like expanding or replacing fencing infrastructure, can make a huge difference for farmers or ranchers. Increasing rotational grazing capacity enhances pasture soil health, and ultimately improves the overall viability of a farm or ranch," said Ashley Brucker, Deputy Director of Agriculture Conservation Innovation at American Farmland Trust. "We're grateful for partners like Applegate for supporting and believing in the countless farmers and ranchers who do this vital work."

"As a former farmer who has raised pastured livestock, I know firsthand how beneficial unrestricted grant funds are to a farm business," said Carolyn Gahn, Applegate's Senior Director of Mission and Advocacy. "Fencing, watering systems and animal shelters are all costly but necessary requirements to get an operation off the ground and keep it functioning sustainably. A move towards a regenerative future, means making farming a viable business model for family farms and first-generation farmers."

Additional supporters of the 2024 fund include: Tractor Supply Company Foundation, iHeartMedia, Butcher Box, Giant Foods, and Domino's Pizza.

Grant applications will be reviewed and awarded in the order the applications are received based on eligibility. To apply, farmers and ranchers should submit a completed electronic Brighter Future Fund Application to AFT.

American Farmland Trust is the only national organization that takes a holistic approach to agriculture, focusing on the land itself, the agricultural practices used on that land, and the farmers and ranchers who do the work. AFT launched the conservation agriculture movement and continues to raise public awareness through our No Farms, No Food message. Since our founding in 1980, AFT has helped permanently protect over 7.8 million acres of agricultural lands, advanced environmentally-sound farming practices on millions of additional acres and supported thousands of farm families. Learn more at www.farmland.org.

*Regenerative agriculture is a series of continuous improvement principles and practices that prioritize soil health and manages a symbiotic relationship between plants and animals to have a positive impact on the land.



View additional multimedia and more ESG storytelling from Hormel Foods Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Hormel Foods Corporation
Website: https://www.3blmedia.com/profiles/hormel-foods-corporation
Email: info@3blmedia.com

SOURCE: Hormel Foods Corporation



View the original press release on accesswire.com

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