STUTTGART, ARKANSAS, US — Riceland Foods has partnered with Arva Intelligence to create a pilot program that will capture the data necessary for farmers to sell carbon offsets and other environmental assets in the future.
The pilot program, Riceland Carbon Ready, will begin in 2022. In addition to capturing data for farmers, the program will help the cooperative collect and aggregate farm level data throughout the membership to further Riceland’s Ingrain Good Sustainability Initiative with its customers and consumers.
Riceland Foods is partnering with Arva Intelligence, an agriculture technology company that helps its partners make decisions for their land and maximize the value between environmental stewardship and economic profit.
“The goal of this partnership is to position Riceland farmers for maximum benefit in the markets that are developing around climate smart agriculture,” said Ben Noble, executive vice president and chief operating officer of Riceland. “Our farmers are already implementing a number of sustainable efforts, and this partnership allows Riceland farmers to quantify and potentially monetize their agronomic practices.”
Jay McEntire, Riceland member and chief executive officer of Arva, said Arva’s partnership with Riceland is key to meeting consumer demand in the future.
“Documenting sustainable practices for CPG and ESG (Environmental, Social and Governance) goals and monetizing environmental offsets for Riceland Members is at the core of Arva’s business,” McEntire said. “We are thrilled to work with Riceland and their CPG partners to meet ever growing customer demands.”