Nutrien announced June 5 that it is now a Founding Member of the Ecosystem Services Market Consortium (ESMC), a collection of private-sector and nonprofit organizations dedicated to advancing sustainability throughout the agricultural supply chain.
The ESMC is driving an ambitious national effort to incentivize farmers and ranchers by creating programs that quantify, verify and monetize sustainability practices in crop production. The consortium will also drive further development of advanced analytical tools and technologies to cost-effectively measure and monitor changes in sustainability outcomes.
Nutrien will play a key role in achieving these objectives due its unique position in the marketplace as the largest provider of crop inputs and agronomic expertise in the world. The company has up-close relationships with over one-half million farmers in the U.S. a working staff of 3,500 agronomists and retail operations in 1,700 global locations. Nutrien also offers some of the most advanced tools, technologies and metrics available to farmers for measuring sustainable practices and assigning values to them.
“We are excited to have Nutrien as a member of the ESMC,” says Debbie Reed, executive director of the consortium. “The agronomic expertise and strong farmer relationships that Nutrien brings to the table will really help to scale our ecosystem service market opportunities for farmers across the country.”
Nutrien already has a major sustainability initiative underway, including conducting four pilot programs in different geographies that feature measurable outcomes having a positive impact on the environment. These sustainability objectives are being achieved with no additional cost to the farmer. Many of these participating farmers are benefitting economically due to increased crop yields and reduced production costs.
“Sustainable agriculture is extremely important for Nutrien and our grower customers, so we are proud to be a founding member of the ESMC,” says Mike Frank, CEO of Retail for Nutrien. “We believe that good environmental stewardship and good economics can – and must – go hand in hand, and we look forward to collaborating with our ESMC partners to continue to bring these priorities together.”
Nutrien joins a distinguished roster of Founding Circle and Legacy Partner members of the ESMC, including ADM, Bunge, Cargill, General Mills, McDonald’s USA, Indigo Agriculture, Noble Research Institute, the Soil Health Institute, The Nature Conservancy, Mars Incorporated and the Noble Research Institute L.L.C. The consortium will work together to develop and advance a market-based approach to promoting land stewardship to build healthy soils, sequester more soil carbon and improve water conservation.